SpiceJet | A/c purchase | 03-24 | 2x737-700 | Transaction

On 7 March, Spicejet announced the successful resolution of a $49.8 million dispute with lessor Echelon Ireland Madison One.

The distressed carrier said this settlement marks a significant milestone, resulting in substantial cost savings and further strengthening of the airline’s balance sheet.

As part of the agreement, Spicejet will acquire two Boeing 737-700 airframes, enhancing the airline's fleet and operational capabilities.

Seller: Echelon Aviation

Purchaser: SpiceJet

SpiceJet | A/c purchase | 03-24 | 2x737-700

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Leasing Roles

Company Name	Role
Dummy Aviation Company	Lessor
Dummy Airlines	Lessee

Lawyers

Company Name	Client
Dummy & Partners	Advisor
Dummy Company	Advisor
Another Dummy Company	Advisor
Dummy Legal & Lawyer	Advisor

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SpiceJet | A/c purchase | 03-24 | 2x737-700

Leasing Roles

Lawyers

Structure

Deal Categories

SpiceJet | A/c purchase | 03-24 | 2x737-700 | Transaction | Airfinance Journal

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