Spicejet Ltd — Important, 13-10-2025: Company Update

SpiceJet has received a 'CRISIL A4+' rating, reflecting stronger financial health and successful restructuring. This follows two upgrades from Acuité Ratings & Research. Crisil highlighted the airline's ability to raise INR 3,000 crore through a QIP, utilized for dues and creditor settlements. The rating considers ongoing lease liability restructuring and adequate liquidity of INR 333 crore in free cash, plus INR 150 crore restricted cash. A structured revival plan involves ungrounding 10 aircraft and finalising damp leases for 18, expected to increase capacity by nearly 2.5 times. These efforts are expected to improve operating profitability and market share.