SpiceJet shares jump after $91-M settlement, is recovery in sight for grounded airline?

Indian budget carrier SpiceJet (SPJT.BO) made headlines on Tuesday with its announcement of a settlement agreement with Export Development Canada (EDC) worth approximately $91 million. This deal allows SpiceJet to take ownership of 13 Bombardier Q400 aircraft, marking a significant breakthrough in the airline’s ongoing financial restructuring efforts. SpiceJet shares rise on news The news […]