SpiceJet ties up with Avenue Capital for sales lease-back of up to 50 new aircraft

SpiceJet ties up with Avenue Capital for sales lease-back of up to 50 new aircraft The memorandum of understanding, signed between the two partners, sets out the next steps and conditions upon which Avenue will assist with placing of SpiceJet#39;#39;s new aircraft portfolio including sale and lease-back of and also assumption of ownership of potentially up to 50 of these aircraft, the company said in a statement.

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