Spicejet Ltd — Important, 11-09-2025: Company Update

SpiceJet has reached a settlement with Carlyle Aviation Partners, securing a significant liquidity boost. This agreement unlocks US $ 79.6 Million in cash maintenance reserves and US $ 9.9 Million in cash maintenance credits, totaling US $ 89.5 Million for future aircraft and engine upkeep. The overall settlement also involves restructuring US $ 121.18 Million in lease obligations, partly through issuing US $ 50 Million in new equity shares. This move is crucial for enhancing the airline's liquidity, reducing liabilities, and bolstering its balance sheet, aiding ongoing restructuring and un-grounding initiatives.