Carlyle Aviation Partners has sold a 1.42% stake in SpiceJet (SG, Delhi International) according to a September 25 regulatory filing. The 18.1 million share sale, sold on the open market between September 17 and 23, sees Carlyle’s equity in the carrier decrease from 3.75% to 2.34% (to 29.9 million shares).
It follows Carlyle reaching a restructuring settlement with SpiceJet earlier this month that saw it write off approximately USD40 million in lease arrears. According to ch-aviation fleets data,…
Source: ch aviation
Read more: Carlyle Aviation reduces stake in India's SpiceJet