TIWN
![SpiceJet looks to save Rs 1K cr on commercial settlement with MAX lessors SpiceJet looks to save Rs 1K cr on commercial settlement with MAX lessors](http://www.tripurainfoway.com/viewimage.php?src=http://www.tripurainfoway.com/news_pic/2021/2-1632149941.png&w=567)
New Delhi, Sep 20 (TIWN) In a boost to domestic carrier SpiceJet, the commercial settlement finalised by the airline with two major lessors of MAX aircraft will result in savings of roughly around Rs 300 crore for the Ajay Singh-led carrier.
In a boost to domestic carrier SpiceJet, the commercial settlement finalised by the airline with two major lessors of MAX aircraft will result in savings of roughly around Rs 300 crore for the Ajay Singh-led carrier. Top sources in the airline said that the carrier is hopeful of saving around Rs 1,000 crore in all, once the settlements are finalised with other MAX lessors. While neither the airline nor the two lessors – Avolon and CDB Aviation – having publicly spoken about the details of the agreement, sources said the lessors have agreed to write-off roughly around Rs 300 crore of lease rental dues that had to be paid by the airline.
- India's business activity surges to 3-month high in July
- Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
- Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc
- Centre's fiscal consolidation plan will boost India's credit profile: Global agencies
- Experts clarify new capital gains tax regime for realty sector