Investment19 Nov 2025, 02:29 pm
SpiceJet Completes Major Restructuring, Removes INR 442 Crore (US $50 Million) in Liabilities
AI Summary
SpiceJet has completed its equity share allotment to Carlyle Aviation Partners, marking a key milestone in a major restructuring initiative. This follows the settlement announcement made on September 11, 2025. The airline has removed INR 442.25 crore (US $50 million) of liabilities from its balance sheet. The agreement also entitles SpiceJet to US $79.6 million in cash maintenance reserves for future aircraft and engine maintenance, along with US $9.9 million in cash maintenance credits to offset lease obligations.
Key Highlights
- SpiceJet has completed its equity share allotment to Carlyle Aviation Partners
- Removal of INR 442.25 crore (US $50 million) of liabilities from SpiceJet’s balance sheet
- Agreement incorporates a mechanism to reduce future lease obligations
- SpiceJet entitled to US $79.6 million in cash maintenance reserves
- US $9.9 million in cash maintenance credits to offset lease obligations