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

September 6, 2024

Airline SpiceJet plans to convert about $97 million of its dues to Carlyle Group into equity and debentures. The restructuring aims to address the airline’s financial challenges and follows enhanced surveillance by the aviation watchdog due to operational deficiencies. The agreement includes issuing shares and transferring debentures to Carlyle.

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