SpiceJet secures $89.5 million liquidity boost through Carlyle settlement
NEW DELHI: Low-cost carrier SpiceJet Ltd has reached a settlement with Carlyle Aviation Partners, unlocking $89.5 million in liquidity that will support the airline’s restructuring and balance sheet strengthening efforts.
As part of the agreement, the airline will gain access to $79.6 million in cash maintenance reserves for future aircraft and engine maintenance, along with $9.9 million in maintenance credits to offset lease obligations, SpiceJet said in a regulatory filing on Thursday.
