SpiceJet has settled its dispute with Willis Lease Finance Corporation. As part of the agreement, Willis Lease has withdrawn its insolvency case against the company. This settlement follows a series of strategic agreements the company has secured in recent months, supported by an Rs 3,000 crore infusion through a Qualified Institutional Placement (QIP) in September 2024 and an additional Rs 294.09 crore infusion by promoter Ajay Singh. These funds have significantly strengthened the company’s financial position, facilitated the resolution of outstanding disputes, and allowed the airline to focus on operational growth.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
