SpiceJet secures $30m equity conversion and $40.2m waiver from Carlyle, boosting share price 6%.

SpiceJet announced that Carlyle Aviation will write off $40.2 million in lease arrears and convert $30 million into equity, boosting Carlyle's stake in the airline. Following this news, SpiceJet's shares rose by up to 6%. The move aims to help SpiceJet recover operations amid ongoing financial struggles and regulatory scrutiny, as it competes with larger rivals like IndiGo and Tata-owned Air India.

September 10, 2024
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