Carlyle Aviation Partners, a Miami based leasing company with an office in Dublin, has sold a 1.42pc stake in SpiceJet, reducing its equity from 3.75pc to 2.34pc following the sale of 18.1m shares on the open market between September 17 and 23.
This sale comes after Carlyle reached a restructuring settlement with SpiceJet, writing off approximately USD40m in lease arrears.
As part of the restructuring, Carlyle plans to convert USD30m of lease debts into equity, which could significantly increase its stake in SpiceJet once finalized.
SpiceJet recently raised INR30bn (USD358.8m) in capital, with a significant portion allocated for settling outstanding lease debts on airframes and engines.
