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SpiceJet seeks more time to pay for aircraft lease

SpiceJet Ltd has sought a three─month extension from a leasing company for making payments on aircraft leases as a delay in delivery of 737 Max planes by Boeing Co. has caused liquidity issues at the budget airline, said ratings agency Crisil Ltd. Crisil also downgraded its long─term rating on SpiceJet's bank facilities from BBB stable to BB negative. It also downgraded the short─term rating on the bank facilities from 'A3+' to 'A4'.

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