SpiceJet Says Carlyle Aviation Will Write Off $40 Million Of Lease Arrears
SpiceJet’s shares jumped as much as 6% after the announcement. (Representational) SpiceJet said on Tuesday that Carlyle Group’s commercial aviation investment and servicing unit will write off $40.2 million of the airline’s lease arrears and convert $30 million of its arrears into equity. The conversion, at 100 rupees ($1.19) per share of SpiceJet, is a…
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