SpiceJet (SG, Delhi International) has settled its second lease dispute in as many weeks, telling the Bombay Stock Exchange on March 5 that it had come to terms with Cross Ocean Partners and resolved the USD11.2 million matter out of court.

“We are pleased to have reached a mutually acceptable resolution with Cross Ocean Partners, which will result in significant cost savings for SpiceJet and also cease prolonged expensive litigation,” said Ajay Singh, the budget carrier’s chairman and managing director….

Source: ch aviation
Read more: India's SpiceJet settles Cross Ocean Partners lease dispute