Spicejet Ltd — Important, 19-11-2025: Company Update

SpiceJet's Allotment Committee issued 10,41,72,634 equity shares at INR 42.32 each to aircraft lessors, converting US $50 million in outstanding dues into equity. This strategic move removes INR 442.25 crore in liabilities from the balance sheet. Additionally, the airline gains access to US $79.6 million in cash maintenance reserves and US $9.9 million in maintenance credits. This restructuring strengthens SpiceJet's financial position, supports fleet revival, and expands operations, offering meaningful support for its long-term stability.