SpiceJet has completed the allotment of equity shares to Carlyle Aviation Partners as part of its ongoing financial restructuring plan to strengthen the airline’s long-term stability. The move follows the settlement framework the airline revealed in September.

During a board meeting, SpiceJet approved the issuance of a little over 100 million equity shares at an issue price of INR 42.32 per share. Through this allotment, the financially stretched airline will be able to cut liabilities worth INR 442.25 crore from its balance sheet, a significant relief amid its ongoing operational and financial challenges.

As part of the settlement, SpiceJet will gain access to $89.5 million in total liquidity support. This includes $79.6 million in cash maintenance reserves, which will be used for futur

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