SpiceJet settles with lessor

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On September 11, Spicejet, facing financial challenges, committed to paying $1.5 million to Credit Suisse, addressing the Supreme Court&#39;s demand concerning outstanding dues. 

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The top stories from over the weekend all in one spot.

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Previously, SpiceJet faced increased scrutiny due to its financial difficulties. The DGCA implemented extra night-time monitoring and spot checks to ensure that the airline&#39;s financial issues didn&#39;t compromise flight operations or safety.

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SpiceJet said it has already utilised ₹411 crore of previously received emergency funds, along with its own cash reserves, to revive its grounded aircraft. 

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The DGCA&#39;s enhanced surveillance has been ongoing for more than three weeks, encompassing increased night surveillance and spot checks, the official told PTI.

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