For the best experience use Mini app app on your smartphone
SpiceJet shares jumped 5% after settling with Carlyle Aviation Partners, unlocking $79.6 million in maintenance reserves and $9.9 million in lease credits. The deal also restructures $121 million in lease obligations, with Carlyle receiving $50 million in equity. Chairman Ajay Singh said the move will help reduce liabilities and strengthen the airline’s balance sheet.
short by / 01:29 pm on 11 Sep
For the best experience use inshorts app on your smartphone