Carlyle Aviation Partners to acquire a 5.91% stake in SpiceJet

SpiceJet has sought its shareholders’ approval for Carlyle Aviation Partners, to acquire a 5.91% stake in the airline at INR 48 per share. “Carlyle will acquire these shares through the conversion of its existing outstanding dues worth $28.16 million. This will reduce the outstanding debt obligations of the company,” SpiceJet said in a statement. On February 27, SpiceJet had restructured $100 million of its outstanding dues to Carlyle, after which the lessor would acquire a 7.5% stake in the airline. Besides the airline has also sought approval from its shareholders to infuse funds through a, Spice Healthcare Private Limited, a