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Carlyle Aviation to pick up 7.5% stake in SpiceJet

By TBM Staff - Mumbai Tuesday, 28 February 2023, 10:00 AM 384

SpiceJet Ltd. has restructured over $100 million outstanding dues to Carlyle Aviation Partner, into equity shares and compulsorily convertible debentures (CCDs). Aircraft lessor, Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle’s $143 billion Global Credit platform. The transaction will wipe out over $100 million debt of Continue Reading

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IndiGo co-founder Rakesh Gangwal resigns from Board

By TBM Staff - Mumbai Friday, 18 February 2022, 5:51 PM 1275

One of the co-founders of Indian airline IndiGo, Rakesh Gangwal, has resigned from the board, its parent company Interglobe Aviation said in an exchange filing on Friday. Gangwal, a non-executive, non-independent director intends to slowly cut his stake in the company over the next five years, the filing said. “I’ve been a long-term shareholder in […]Continue Reading