SpiceJet Resolves 2.50 Bn Dispute with Celestial Aviation

04 Mar 2024 CW Team

SpiceJet, a major player in the Indian aviation sector, has successfully resolved a long-standing dispute amounting to Rs 2.50 billion with Celestial Aviation Trading. The settlement brings an end to a legal conflict that has been ongoing between the two parties.

The resolution is seen as a positive development for SpiceJet, providing financial clarity and potential relief from the burden of the dispute. The airline has been engaged in efforts to address various financial challenges, and the settlement is expected to contribute to a more stable financial outlook.

Details of the settlement remain undisclosed, but the agreement is anticipated to bring a sense of resolution to both SpiceJet and Celestial Aviation Trading. The successful conclusion of the dispute reflects a commitment to finding amicable solutions within the aviation industry, fostering a conducive environment for sustained growth and operational stability.

As SpiceJet continues to navigate the complexities of the aviation market, the resolution of this dispute is likely to be viewed positively by investors and industry stakeholders. It represents a step forward in the company's efforts to strengthen its financial position and maintain a resilient presence in the competitive aviation sector.

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..