SpiceJet said it has settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Limited for an aggregate sum of $5 million, together with agreement in relation to the treatment of certain aircraft engines. This came a day after it was reported that SpiceJet is staring at fresh insolvency proceedings initiated by aircraft lessor Aviator ML 29641 Ltd over unpaid dues amounting to Rs 58 crore. The lessor claimed that SpiceJet failed to pay rental charges for a Boeing 737 that it had leased.