SpiceJet settles all past liabilities with NAC, signs new agreement

SpiceJet has recently settled its liability issues with Nordic Aviation Capital (NAC). The lessor has leased several Q400 propellor aircraft to SpiceJet. The airline issued a statement saying that it has entered into an agreement with NAC, settling all past liabilities. SpiceJet currently has five Q400 airplanes leased from NAC and is in the process of adding three more of the type from the same lessor. In a statement, the airline said: “These three planes had been repossessed by the lessor. The induction of the three planes in addition to the fleet revival and restoration program launched by the airline would result