2nd time: Lessor Carlyle to convert part of SpiceJet dues into equity at 63% share price premium

SpiceJet secures a lifeline as Carlyle, a major aircraft lessor, agrees to convert $40.2 million of dues into equity at Rs 100 per share. This strategic move is part of SpiceJet's efforts to raise funds and address mounting payables amid ongoing financial struggles.

Sep 6, 2024 - 23:00

2nd time: Lessor Carlyle to convert part of SpiceJet dues into equity at 63% share price premium

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SpiceJet secures a lifeline as Carlyle, a major aircraft lessor, agrees to convert $40.2 million of dues into equity at Rs 100 per share. This strategic move is part of SpiceJet's efforts to raise funds and address mounting payables amid ongoing financial struggles.