SpiceJet, Genesis Settle Over $16-Million Dispute

Spicejet Settles $16-Million Dispute With Lessor Genesis, Stock Closes 9% Higher
The settlement will significantly reduce SpiceJet's financial liabilities and further strengthen its balance sheet, said Ajay Singh, the chairman and managing director of the airline.
Aircraft lessor Genesis to buy stake in SpiceJet as part of settling $16 million dispute
SpiceJet settles $16 million dispute with Genesis, paying $6 million and offering $4 million stake in airline.
SpiceJet shares take off 8% on settling $16 mn dispute with Genesis
Shares of SpiceJet rallied up to 7.85 per cent at SpiceJet per share on the BSE in Thursday’s intraday deals. SpiceJet share price surged after the company reached an amicable settlement with Genesis, resolving their over $16 million dispute.
SpiceJet creditor takes airline shares at 78% premium as part of settlement
Under a new agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of ₹100 per share, which is 78% higher than the previous closing price.
SpiceJet settles dispute of over USD 16 million with Genesis
Airline SpiceJet has settled dispute of over USD 16 million with Dublin headquartered Genesis Aircraft Services, commercial aircraft leasing company, the company stated on Thursday.
SpiceJet converts liabilities into equity, resolves $16 million dispute with Genesis
The settlement underscores SpiceJet’s commitment to restoring financial health and achieving operational resilience. By settling this dispute, the airline is reducing its legal liabilities and fortifying its path toward stability.
SpiceJet gains nearly 7% on $16 million dispute settlement with Genesis
As per the agreement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of Rs 100 per share.
Lessors slap legal notice on SpiceJet for aircraft part theft
Three aircraft lessors accuse SpiceJet of theft of parts, demanding return or reinstallation of engines and APUs.
Aircraft Lessor Genesis To Buy Stake In SpiceJet As Part of Settling USD 16 Mn Disput
SpiceJet on Thursday said aircraft lessor Genesis will acquire a stake worth USD 4 million in the airline as part of settling a more than USD 16 million dispute.
SpiceJet reaches agreement with Genesis in $16 million dispute, shares shoot up
Troubled airline SpieceJet has reached an agreement with Genesis and have resolved a $16 million dispute. Under the settlement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of Rs 100 per share.
SpiceJet Shares Surge Nearly 9% After Resolving $16 Million Dispute With Genesis
SpiceJet's share price saw a sharp rise of nearly 9 per cent during intraday trading on December 19, driven by the airline's announcement of a settlement with Genesis to resolve a $16 million dispute.
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