SpiceJet, Genesis Settle Over $16-Million Dispute; Genesis To Acquire $4 Million In SpiceJet Equity
New Delhi: Budget airline SpiceJet has successfully reached an amicable settlement with Genesis, resolving a long-standing dispute valued at over $16 million. As part of the agreement, SpiceJet will pay Genesis $6 million in cash, while the lessor will acquire $4 million in SpiceJet equity at a price of Rs 100 per share, said a […]