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Carlyle Aviation Restructures SpiceJet Debt to 7.5% Stake in Indian Carrier
Indian low-cost carrier SpiceJet said it has restructured its outstanding lease rental worth over $100 million to aircraft leasing firm Carlyle Aviation Partners into equity shares and convertible debentures. SpiceJet’s board of directors approved issuing fresh equity shares of $29.5 million to Carlyle Aviation, following which the aircraft leasing firm will now have over 7.5…
Peden Doma Bhutia | 1 year ago