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Carlyle to write off $40 million of lease arrears, says SpiceJet
The New Indian Express
|September 11, 2024
CARLYLE Group's commercial aviation investment and servicing unit will write off $40.2 million of SpiceJet's lease arrears and convert $30 million of its arrears into equity, the Gurugram-based airline said on Tuesday.
Carlyle Aviation will convert $30 million in lease arrears into SpiceJet equity at 100 per share, significantly increasing its stake in the airline. Carlyle will also convert $20 million in lease arrears into compulsorily convertible debe
This story is from the September 11, 2024 edition of The New Indian Express.
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