Page 6 - Export Development Canada News Today

BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Tuesday it agreed with Export Development Canada (EDC) to settle liabilities worth around $91 million, allowing it to take ownership of 13 of 15 Bombardier Q400 aircraft financed by the Canadian trade finance agency. "This settlement marks the biggest breakthrough in SpiceJet's financial restructuring efforts to date," the airline said in a statement. SpiceJet has over the last few months reached settlements with multip...

Under the agreements terms, SpiceJet will acquire full ownership of 13 EDC-financed Q400 aircraft, bolstering the airlines operational capabilities and fleet management.

The settlement will generate savings to the tune of Rs 567 crore for the airline.

The liabilities stem from a loan acquired in 2011 to procure 15 aircraft

Under the agreement's terms, SpiceJet will acquire full ownership of 13 EDC-financed Q400 aircraft, bolstering the airline's operational capabilities and fleet management.

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Mumbai, Mar 26 (PTI) SpiceJet on Tuesday said it has signed a pact with Export Development Canada (EDC) to settle liabilities worth USD 90.8 million (Rs 755 crore). The liabilities stem from a loan...

India Business News: NEW DELHI: SpiceJet has reached a settlement with Export Development Canada (EDC) to resolve liabilities valued at $91 million (Rs 755 crore), the air.

New Delhi, Mar 26 (PTI) Shares of SpiceJet on Tuesday jumped 4 per cent after the company said it has signed a pact with Export Development Canada (EDC) to settle liabilities worth USD 90.8 million...