SpiceJet Clears $24 Million Debt to Credit Suisse, Strengthens Financial Position

SpiceJet has completed the payment of $24 million to Credit Suisse as per a 2022 settlement agreement. The payment marks the closure of a long-pending liability, boosting the airline's financial strength and underlining its commitment to resolving past burdens.

Full Settlement of $24 Million Marks End of Legacy Liability

SpiceJet announced the successful repayment of $24 million to Credit Suisse, fulfilling terms agreed upon in May 2022 to settle a $41.77 million claim. The original liability stemmed from dealings with SR Technics and Credit Suisse and predated the tenure of the airline's current promoter. The claim, once a significant financial burden, has now been fully resolved through structured instalments.

Improved Financial Stability and Business Focus

According to the exchange filing, this debt clearance enhances its balance sheet and positions it for future growth and profitability. The payment resolution aligns with SpiceJet's strategy to shed previous debts and stabilise operations amidst an evolving aviation landscape. 

Debojo Maharshi, Chief Business Officer, SpiceJet, 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. SpiceJet today is financially stronger, more resilient, and fully focused on growth and profitability.”

Read More: SpiceJet Q1 FY26 Results: Net Loss at ₹238 Crore, Net Worth Turns Positive!

SpiceJet Share Price Performance

On September 8, 2025, SpiceJet share price opened at ₹33 on BSE, below the previous close of ₹34.45. During the day, it surged to ₹34.45 and dipped to ₹32.60. The stock closed at ₹33.28 by the end of the day. The stock registered a significant decline of 3.40%.

Over the past week, it has declined by 7.38%, over the past month, it has moved up by 1.65%, and over the past 3 months, it has declined by 23.34%.

Conclusion

The closure of the $24 million settlement with Credit Suisse signals a key turning point for SpiceJet. Shedding this long-standing financial burden helps the airline improve its financial profile and move past legacy issues, thus paving the way for future stability and operational focus.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.