India's SpiceJet down 9% as it agrees to repay its dues

Spicejet

12/09/2023 08:26

** Shares of SpiceJet  SPJT.BO  fall as much as 9.05% to
36.38 rupees
    ** Cash-strapped airline on Monday said it would pay $1.5
mln to Credit Suisse in a case related to unpaid dues
    ** SPJT will also complete payment of 1 bln rupees ($12.1
mln) each to Kalanithi Maran and Kal Airways by Sept. 12
    ** This decision comes amid RTX Corp  RTX.N  telling various
airlines that hundreds of their Airbus jets would be grounded at
any one time in coming years to check for a manufacturing flaw
    ** More than 4.5 mln shares change hands by 12:04 p.m. IST
vs 30-day avg of 4.2 mln shares
    ** Stock down over 3.5% this year so far


($1 = 82.9750 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))