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SpiceJet has settled a USD 23.39 million dispute with aircraft lessors Aircastle and Wilmington Trust, adding to recent financial settlements and strengthening its financial position.

The Sensex reversed its gains and closed lower by 167 points on Wednesday, as profit-taking in select blue-chips outweighed the RBI's neutral stance on interest rates.

SpiceJet has amicably settled a USD 132 million dispute with aircraft leasing firm BBAM, reducing its liabilities and paving the way for improved financial stability.