Spicejet Ties Up With Avenue Capital To Buy 50 New Aircraft

SpiceJet has signed a Memorandum of Understanding (MoU) with Avenue Capital Group, New York for a strategic alliance in respect of the financing, acquisition, and sale and lease-back of 50 new planes to be ordered by the airline.

Avenue Capital Group is specialists in the field of aircraft leasing and have identified the new planes to be ordered by SpiceJet as a unique opportunity for investment.

The MoU sets out the next steps and conditions upon which Avenue, as part of the strategic alliance with SpiceJet, will assist with placing the low-cost carrier’s new aircraft portfolio including sale and lease-back of and also assumption of ownership of potentially up to 50 of these aircraft

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