SpiceJet share price jumped over 5 per cent in intraday trade on the BSE on Thursday, September 11, in a lacklustre market after the company said it secured a $ 89.5 million liquidity boost through Carlyle settlement. SpiceJet share price opened at ₹33.49 against its previous close of ₹33.06 and rose 5.4 per cent to an intraday high of ₹34.85. However, it pared gains soon and traded 2.24 per cent up at ₹33.80 around 10:25 am. Equity benchmark Sensex was flat at 81,415 at that time.
SpiceJet on September 11 said it had reached a settlement with Carlyle Aviation Partners, unlocking $79.6 million in cash maintenance reserves for future aircraft and engine maintenance, plus $9.9 million in cash maintenance credits to offset its lease obligations. This agreement significantly enhances the airline’s liquidity and supports its ongoing restructuring efforts.
(This is a developing story. Please check back for fresh updates.)
