SpiceJet repays $24 mn in dues to Credit Suisse

SpiceJet has successfully completed the full payment of $24 million to Credit Suisse, thereby fulfilling in entirety the terms of the settlement agreement signed between the two parties in May 2022, the low-cost airline said on Monday.

This marks the closure of a long-standing liability that pre-dates the tenure of the airline’s current promoter. The successful completion of this payment underscores SpiceJet’s commitment to honouring its financial obligations and its sustained efforts to strengthen its balance sheet, improve financial stability and build long-term value for all stakeholders, as per the airline.