India's SpiceJet says Carlyle Aviation will convert $30 mln in lease arrears into equity-February 2024-www.financetom.com

India's SpiceJet says Carlyle Aviation will convert $30 mln in lease arrears into equity

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India's SpiceJet says Carlyle Aviation will convert $30 mln in lease arrears into equity

Sep 11, 2024 12:14 AM

BENGALURU, Sept 10 (Reuters) - India's SpiceJet

said on Tuesday that the commercial aviation

investment and servicing arm of Carlyle Group ( CG ) will

convert $30 million of the airline's lease arrears into equity,

sending the carrier's shares higher by 4%.

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