Asia/Pacific

SpiceJet to demerge its cargo arm

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SpiceJet to demerge its cargo arm

Carlyle Aviation now holds a 7.5% stake in SpiceJet after converting $100 million of outstanding dues into equity. Carlyle also acquired compulsorily convertible debentures in SpiceXpress, the airline’s cargo arm. SpiceJet will de-merge its cargo business to subsidiary SpiceXpress & Logistics ...

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