SpiceJet completes $1.5 million payment to Credit Suisse, shares rise

SpiceJet today said they have completed payment of $1.5 million payment to Credit Suisse, days after India’s apex court came down heavily on the budget carrier’s chairman Ajay Singh to make the payment or go to Tihar jail.

“SpiceJet Ltd. has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse. The payment was executed on Thursday, September 14th,” the company said in a statement.