On Thursday, SpiceJet’s shares surged by almost 9% following the airline’s announcement of a settlement with Genesis regarding a $16 million dispute. As part of the agreement, SpiceJet will pay $6 million in cash while Genesis will acquire $4 million worth of SpiceJet equity at ₹100 per share. For investors, this settlement appears to signal the airline’s determination to regain financial stability. The market responded enthusiastically, with SpiceJet stock climbing to ₹61.30 during the day before stabilizing at ₹60.67, up by 7.8%. Stock has bounced back by 33% from its 52-week low of ₹46. The deal marks another milestone in SpiceJet’s efforts to restore stability, which has been a key focus amid ongoing financial and operational challenges. The agreement will not only save costs but also result in all ongoing litigations with Genesis being withdrawn, freeing up the airline from potentially prolonged legal battles. The settlement, coupled with Genesis’s equity investment, underscores confidence in SpiceJet’s recovery potential.