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SpiceJet Offers Equity to Carlyle Against $121 Mn Lease Obligations
The New Indian Express Kozhikode
|June 16, 2025
DEBT-RIDDEN budget airline SpiceJet Limited will issue equity shares of the company to Carlyle Aviation Management Limited (CAML) in lieu of outstanding aircraft lease obligations totaling $121 million as of March 31, 2025.
This agreement aims to deleverage the airline's financial statements and represents a crucial step in its ongoing efforts to stabilize its operations.
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