SpiceJet and Carlyle Aviation’s $97 Million Restructuring Deal
Budget airline SpiceJet has recently unveiled a strategic financial restructuring plan, converting a portion of its dues to Carlyle Aviation Management into equity and debentures. What does this mean for the future of the airline?SpiceJet's Financial Struggles: A Recurring ThemeSpiceJet, one of India's leading budget carriers, has been navigating rough financial skies for quite some time. Despite several fundraising efforts in the past year, the airline has been unable to fully restore its operations. The situation reached a critical point in August when the Directorate General of Civil Aviation (DGCA), India's aviation regulator, placed...
