SpiceJet settles dispute of over USD 16 million with Genesis

New Delhi [India], December 19 (ANI): Airline SpiceJet has settled dispute of over USD 16 million with Dublin-headquartered Genesis Aircraft Services, commercial aircraft leasing company, the company stated on Thursday.

Under the agreement, SpiceJet will pay Genesis USD 6 million and Genesis will acquire USD 4 million in SpiceJet equity at a price of Rs 100 per share, the company added.

The agreement will also result in a