SpiceJet's shares surged by 5.5% on September 9, 2024, following a restructuring deal with Carlyle Aviation that converts $40 million of dues into equity. The airline also plans a promoter stake sale to raise additional funds, aiming to restore grounded aircraft and stabilize its financial position amid ongoing challenges.
India is set to expand its aviation fleet by adding 200 turboprop aircraft over the next decade. This move aims to enhance regional connectivity, meet rising demand for air travel in smaller cities, and support government initiatives like the UDAN scheme. While challenges such as high fuel costs and limited airport infrastructure remain, the forecast presents a significant opportunity for airlines and aircraft manufacturers.