SpiceJet, the low-fare airline, is seeking shareholder approval to sell a 5.91% stake to aircraft lessor Carlyle Aviation at INR 48 per share. The company is also seeking approval to raise up to INR 2,500 crore through a qualified institutional placement. Shares of SpiceJet rose 7.2% on the news.
Carlyle Aviation is a Florida-based aviation operating company that provides financing solutions and liquidity to airlines manages aircraft and engine assets.