spicejet airline
SpiceJet has paid all its GST dues demonstrating its commitment towards maintaining financial discipline and regulatory compliance. The payment of GST dues follows SpiceJet’s recent successful Qualified Institutional Placement (QIP), which raised Rs 3,000 crore. The QIP attracted a diverse range of top-tier institutional investors and funds, including leading names such as Goldman Sachs (Singapore), Morgan Stanley Asia, Tata Mutual Fund and Discovery Global Opportunities Limited.
What did the airline president say on GST payment?
Ajay Singh, Chairman and Managing Director, SpiceJet, said, “We are proud to have cleared all GST dues, which is an important step towards strengthening our commitment towards financial discipline and regulatory compliance.” “These developments reflect our commitment to providing exceptional service to our passengers while strategically positioning ourselves for the future.”
Agreement also signed with ELFC
On September 24, SpiceJet announced that it had resolved its dispute with the Engine Lease Finance Corporation (ELFC) through an amicable settlement. ELFC had previously claimed $16.7 million, and the settlement has been reached for an undisclosed amount, which is less than the initial claim. This resolution is another important step towards strengthening the financial health of SpiceJet.
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Kanishk Singh has always had a keen interest in fast-paced cars. For the past three years, he has been writing about automobiles, but his fascination with cars dates back even further. He thoroughly enjoys learning about their features and expressing his thoughts through his writing. Kanishk also has a profound interest in the stock market, shares, and business strategies. He possesses a wealth of knowledge on these subjects and consistently writes articles on them. Currently, he is working as a writer for Lattestnews24, specifically focusing on the Automobile, Finance, and Business categories. His well-crafted words are highly appreciated by the readers, as they find them both informative and creative.