Spicejet Ltd — Updates, 14-06-2025: Company Update

SpiceJet has announced a board meeting regarding a term sheet with Carlyle Aviation to restructure lease obligations totaling approximately US$ 121.18 million. The restructuring involves issuing equity shares at INR 65 per share for up to US$ 50 million, subject to approvals and capping the investor’s stake below 10%. This move aims to clear outstanding lease arrears, reduce the company's debt burden, and revise lease terms including extensions and maintenance adjustments. There are no direct benefits to promoters, but they have a right of first refusal before any sale of shares by the lessors.