Mumbai, March 27 -- As part of the agreement, Willis Lease has withdrawn its insolvency case against SpiceJet, closing yet another chapter in the airline's ongoing efforts to strengthen its financial foundation.

This settlement follows a series of strategic agreements SpiceJet has secured in recent months, supported by an Rs 3,000 crore infusion through a qualified institutional placement (QIP) in September 2024 and an additional Rs 294.09 crore infusion by promoter Ajay Singh.

These funds have significantly strengthened SpiceJet's financial position, facilitated the resolution of outstanding disputes, and allowed the airline to focus on operational growth.

Ajay Singh, chairman and managing director, SpiceJet, said: "This successful se...