19 Nov 2025 | 5 Mins Read
SpiceJet settles ₹442-crore liability after Carlyle deal
Flipitmoney
SpiceJet removed ₹442.25 crore ($50 million) in liabilities by issuing 10,41,72,634 equity shares to Carlyle Aviation Partners at ₹42.32 per share. The deal offset future lease obligations and provided access to $79.6 million in cash maintenance reserves and $9.9 million in cash maintenance credits. The airline's Q2FY26 revenue fell 14% YoY to ₹781 crore.