SpiceJet pays off creditors, trims schedules

Credit: By Kurt Hofmann
Indian low-cost carrier SpiceJet has used a $10 million injection by new investor Ajay Singh to buy a reprieve from aircraft lessors threatening to repossess their aircraft. The airline has paid off unspecified lessors—it currently has aircraft on lease from BOC Aviation, ICBC, MCAP, Air Lease Corp...

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