Shares of SpiceJet Ltd climbed 3.23% to ₹34.53 on Tuesday, September 9, after the airline announced it had completed the full payment of $24 million to Credit Suisse, closing a long-standing liability. The stock opened higher at ₹34.60 and traded in the range of ₹34.22 – ₹34.80 during early session. SpiceJet’s market capitalization now stands at ₹49,030 crore.
Settlement with Credit Suisse
The dispute stemmed from a total claim of $41.77 million by Credit Suisse/SR Technics, which was settled for $24 million under a structured payment plan agreed in May 2022. SpiceJet confirmed on Monday that it has completed this payment, effectively closing the liability that pre-dated its current promoter’s tenure.
In a statement, Chief Business Officer Debojo Maharshi said:
“The completion of this payment is another important step in our continued efforts to put legacy issues firmly behind us. This settlement not only brings closure to an old liability but also demonstrates our resolve and ability to meet commitments despite a challenging operating environment.”
Recent performance
The development comes days after SpiceJet reported a net loss of ₹238 crore for Q1 FY26, citing expenses related to grounded aircraft and weaker leisure travel demand.
Despite operational challenges, the settlement news has been received positively by investors, pushing the stock up over 3% in today’s trade.
