Carlyle Aviation to Write Off US$ 40.17 Million in Lease Arrears to SpiceJet

Carlyle Aviation will convert US$ 30 million in lease arrears into SpiceJet equity at Rs. 100 per share

SpiceJet has recently unveiled a strategic financial restructuring plan, converting a portion of its dues to Carlyle Aviation Management into equity and debentures.

As part of the settlement agreement, Carlyle Aviation will write off US$ 40.17 million in lease arrears.

Carlyle Aviation will convert US$ 30 million in lease arrears into SpiceJet equity at Rs. 100 per share, significantly increasing its stake in the airline. Carlyle Aviation will convert US$ 20 million in lease arrears into compulsorily convertible debentures (CCDs) of SpiceXpress & Logistics Private Limited.

This strategic partnership between SpiceJet and Carlyle Aviation will bolster SpiceJet’s financial position, accelerate its growth plans, and enhance its ability to compete in the Indian aviation market.

SpiceJet has recently unveiled a strategic financial restructuring plan, converting a portion of its dues to Carlyle Aviation Management into equity and debentures.

As part of the settlement agreement, Carlyle Aviation will write off US$ 40.17 million in lease arrears.

Carlyle Aviation will convert US$ 30 million in lease arrears into SpiceJet equity at Rs. 100 per share, significantly increasing its stake in the airline. Carlyle Aviation will convert US$ 20 million in lease arrears into compulsorily convertible debentures (CCDs) of SpiceXpress & Logistics Private Limited.

This strategic partnership between SpiceJet and Carlyle Aviation will bolster SpiceJet’s financial position, accelerate its growth plans, and enhance its ability to compete in the Indian aviation market.