Board of SpiceJet approves settlement with aircraft lessor Castlelake

Image
Capital Market
Last Updated : Feb 27 2023 | 1:04 PM IST

At meeting held on 27 February 2023

The Board of SpiceJet at its meeting held on 27 February 2023, as part of restructuring with aircraft lessor CLSEC Holdings 10 DAC (affiliate entity of Castlelake) and in order to acquire two (2) Boeing model 737-800 airframes, has in-principally agreed to purchase entire share capital of AS Air Lease 41 (Ireland) (the legal and beneficial owner of two (2) Boeing model 737-800 airframes bearing manufacturer's serial numbers 33555 and 33556) from CLSEC Holdings 10 DAC.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 27 2023 | 12:45 PM IST

Next Story