SpiceJet Gives Lessors 4.8 Crore Shares To Clear Over ₹ 230 Crore Dues

Tuesday, 5 September 2023Newsdesk

SpiceJet has been scrambling to raise funds and restore operations for about a fourth of its fleet that has been grounded amid fierce competition in the sector.

New Delhi 05 September 2023

As per news report of NDTV,Low-cost carrier SpiceJet on Monday said it allotted over 4.8 crore shares to nine aircraft lessors to clear outstanding dues worth nearly ₹ 231 crore, as the troubled airline looks to return to full operations. The carrier's shareholders had on Thursday passed a number of resolutions, including a ₹ 2,500 crore fundraising and a preferential issue of shares to lessors to clear outstanding dues.

Source - NDTV