Business
September 11, 2023
3 min

India's SpiceJet allots shares to lessors to clear $28 million dues - Marketscreener.com

Indian low-cost carrier, SpiceJet, has allocated over 48.1 million shares to nine aircraft lessors in order to settle outstanding debts of 2.31 billion rupees ($28 million). This move aims to help the airline bounce back from financial difficulties caused by the COVID-19 pandemic.

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Adhikansh Gupta
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Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry