Shares of SpiceJet advanced as much as 7.82 per cent in the morning trade on Monday after the air carrier announced it will launch a slew of new international flights from Mumbai.
The company, in its press release said, it will connect Mumbai to a host of international destinations with direct non-stop flights to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu. The new international flights will commence from May-end.
The airline will be deploying its Boeing 737 NG aircraft on the new routes.
Earlier, news reports said SpiceJet and IndiGo will add close to 50 aircraft over the next few months to fill up the capacity shortage caused by the crisis in Jet Airways as well as the grounding of Boeing 737 Max planes.