SpiceJet looks to settle dues of aircraft lessors https://ift.tt/gnwIOKW company will first transfer its cargo undertaking to a newly created subsidiary. The unit, SpiceXpress, will then issue compulsorily convertible debentures (CCDs) to the parent, said the people cited above. Then, SpiceJet will offer lessors the option to swap lease payments with the CCDs.
Tuesday, December 20, 2022
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