SpiceJet has repaid the Rs 100 crore loan taken from the City Union Bank. The last tranche of Rs 25 crore was paid on June 30, successfully closing the entire loan account which was taken in the year 2012. The repayment of the loan amount releases all securities that had been pledged with the bank.
Earlier, the airline had reached a settlement agreement with Nordic Aviation Capital (NAC), a major lessor for its Q400 aircraft.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
