Indian low-cost airline SpiceJet has successfully resolved a $16.7 million dispute with Engine Lease Finance Corporation (ELFC), a crucial step towards stabilizing its finances. The settlement follows a recent successful Qualified Institutional Placement (QIP), which injected much-needed liquidity into the airline. While this is positive news, SpiceJet still faces other outstanding claims and will need to address them to ensure its long-term financial stability and growth.