Indian low-cost carrier SpiceJet has used a $10 million injection by new investor Ajay Singh to buy a reprieve from aircraft lessors threatening to repossess their aircraft. The airline has paid off unspecified lessors—it currently has aircraft on lease from BOC Aviation, ICBC, MCAP, Air Lease Corp., B&B Air Acquisition and AWAS—following legal action over retention of at least six of its Boeing 737-800 aircraft. “Obviously when we lease planes we like people to pay ...

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