SpiceJet Limited (BSE: 500285 / NSE: SPICEJET), a leading low-cost airline in India, announced a significant liquidity enhancement through a settlement agreement with Carlyle Aviation Partners and affiliated entities on September 11, 2025. This settlement is a key part of SpiceJet’s ongoing restructuring and financial stabilization efforts.

Key Details of the Settlement

Under the settlement agreement, SpiceJet has unlocked:

• $79.6 Million in cash maintenance reserves for future aircraft and engine maintenance.

• $9.9 Million in cash maintenance credits to offset existing lease obligations.

The total lease obligations subject to restructuring amount to $121.18 Million, which will be managed through:

1. Issuance of equity shares aggregating $50 Million.

2. A mechanism ensuring that if proceeds from these shares exceed $50 Million, a portion of the excess will reduce future lease obligations.

3. The promoter or its assignee has the right to purchase issued equity shares on mutually agreed terms after statutory and contractual lock-in periods.

Strategic Impact on SpiceJet

Chairman and Managing Director Ajay Singh stated that this settlement represents a major milestone in SpiceJet’s restructuring. Key benefits include:

• Significant reduction in liabilities, easing immediate cash flow pressures.

• Enhanced balance sheet, providing financial stability for ongoing operations and growth.

• Support for un-grounding and operational expansion, ensuring a stronger market position.

• Reinforced confidence from strategic partners, such as Carlyle, in SpiceJet’s long-term growth potential.

Background on SpiceJet

SpiceJet is a low-cost airline that has been pivotal in making air travel affordable in India. Key highlights include:

• Fleet: Boeing 737s & Q-400s.

• Certifications: IATA-OSIA certified.

• Market Position: One of the largest regional operators under the UDAN Regional Connectivity Scheme.

• Passenger Experience: Most aircraft offer SpiceMax, India’s spacious economy-class seating.

Forward-looking Statements and Risks

The company highlighted that some statements in the release are forward-looking, subject to risks and uncertainties such as:

• Volatility in earnings or foreign exchange rates.

• Ability to manage growth, cost efficiency, and operations.

• Competition in the Indian aviation sector.

• Regulatory and economic changes that could impact operations.

SpiceJet emphasized that it may update forward-looking statements in compliance with legal requirements but does not undertake to do so routinely.

Conclusion

This settlement with Carlyle is a transformative financial development for SpiceJet. By unlocking $89.5 Million in liquidity, restructuring lease obligations, and issuing equity, the airline strengthens its financial foundation while continuing strategic growth initiatives across India’s domestic and regional markets.

If you want, I can combine this SpiceJet update with the previous four IPO/issuance updates (Jay Ambe, Urban Company, Nilachal Carbo, Gujarat Hy-Spin) into a single September 2025 Corporate Events & Investment Dashboard with all dates, valuations, allotment info, GMP, and recommendations, giving you a complete one-glance market view.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.