SpiceJet restructures $97 million dues to Carlyle Aviation into equity and debentures

SpiceJet announced that Carlyle Aviation Partners will convert part of their debt into equity, restructuring aircraft lease obligations. Carlyle may also invest in SpiceXpress & Logistics. The airline is seeking to raise Rs 2,500 crore through a share sale to institutional investors amid financial struggles and operational challenges. SpiceJet announced that Carlyle Aviation Partners will convert part of their debt into equity, restructuring aircraft lease obligations. Carlyle may also invest in SpiceXpress & Logistics. The airline is seeking to raise Rs 2,500 crore through a share sale to institutional investors amid financial struggles and operational challenges.  Economic Times

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