SpiceJet had last week settled a dispute involving Rs 413 crore with aircraft leasing firm Echelon Ireland Madison One Ltd, making it the third dispute settlement to be announced by the crisis-hit carrier in less than two weeks.
A spokesperson in the Ajay Singh-promoted airline said that the salaries have been paid to over 75 per cent of the employees as of now. The pension fund deposits will be done soon.
India Business News: Struggling SpiceJet receives Rs 2,250 crore from new investors like Elara India Opportunities Fund, Aries Opportunities Fund, Nexus Global Fund, and P
Recently, the airline s three lessors Wilmington Trust SP Services, Sabarmati Aviation Leasing and Falgu Aviation Leasing had sought deregistration of one aircraft each, according to an update on the regulator s website.