At 0945 hrs, SpiceJet was quoting Rs 146.60, up 10.47 percent,
while InterGlobe Aviation was quoting Rs 1631.30, up 3.04 percent on the BSE.
Shares of SpiceJet and InterGlobe Aviation rallied intraday on April 18 as Jet Airways' suspended its operations after banks
rejected the debt-laden carrier's request for emergency funding.
SpiceJet
in its BSE filing said
that the budget carrier is adding five
90-seater Q400
aircraft to counter the reduction of aviation capacity left by Jet Airways.
Last week, SpiceJet
had also announced the induction of 16 Boeing 737-800 NG aircraft on dry lease.
"SpiceJet will
induct five more Q400s in addition to the 16 B737s we announced last week. The
sudden reduction of aviation capacity should in no way hamper air connectivity
to the smaller towns and cities of India and as the country’s largest regional
operator, SpiceJet will make all possible efforts in this direction," said
Ajay Singh, Chairman and Managing Director, SpiceJet in an exchange disclosure.
At 0945 hrs, SpiceJet
was quoting Rs 146.60, up 10.47 percent, while InterGlobe Aviation was quoting
Rs 1631.30, up 3.04 percent on the BSE.
Jet
Airways collapsed nearly 28 percent, as it was quoting at Rs 174.90, down 27.68
percent at 0949 hours on the BSE.
Source:
https:// www.moneycontrol.com/news/business/stocks/spicejet-and-indigo-rally-after-jet-airways-suspends-operations-3849021.html
