SpiceJet signs $121 mn restructuring deal to settle obligations

SpiceJet has announced a $121.18 million lease restructuring deal with Carlyle Aviation. It will issue equity worth up to $50 million at ₹65 per share, pending approvals. CAML’s stake will stay below 10%. The deal includes a review of lease terms, reactivating grounded aircraft, and offers the promoter right of first refusal post lock-in.