Indian low-cost carrier SpiceJet settles with lessors for Boeing 737 jets

Indian low-cost carrier SpiceJet said on Tuesday Aug. 16 it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing aircraft.

The airline said that the agreement – the terms of which are confidential – ends all litigation proceedings between the parties, adding that this will allow SpiceJet to add two more fuel-efficient Boeing 737 MAX aircraft and one Boeing 737-800 NG aircraft to its fleet.