Asia/Pacific

SpiceJet plans to settle outstanding debts with two-step transaction plan

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SpiceJet plans to settle outstanding debts with two-step transaction plan

SpiceJet has put forward a two-step transaction plan to clear the outstanding debts worth INR 25bn to lessors, reports Economic Times. Looks like the plan aims to turn lessors into potential investors. According to sources, SpiceJet will first transfer its cargo undertaking to a newly created subsid...

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