Whalesbook
SpiceJet has significantly reduced its liabilities by ₹442.25 crore ($50 million) through the issuance of equity shares to Carlyle Aviation Partners. The airline's Allotment Committee approved preferential allotment of over 10.4 crore shares. This deal also provides SpiceJet with access to $79.6 million in aircraft maintenance reserves and $9.9 million in credits, crucial for operational continuity.