SpiceJet does a deal with Wilmington as a new state airline emerges

SpiceJet has entered into settlement agreement with lessor Wilmington Trust SP Services (Dublin) Ltd. Under the agreement, the lessor has agreed to withdraw court proceedings and de-registration process of three aircraft subject to SpiceJet satisfying the (not disclosed) terms of settlement. At the same time SpiceJet was in the Delhi High Court today trying to overturn the recent court order directing the DGCA to de-register the AWAS aircraft that are held by the airline outside of agreed lease terms. SpiceJet sought an urgent hearing on the matter in front of justices B.D. Ahmed and Sanjeev Sachdeva and were successful as