MUMBAI: Shares of two listed aviation companies InterGlobe Aviation and SpiceJet on Thursday rallied 5% and 13% respectively after the government announced that domestic airline operations would resume from 25 May.
Shares of InterGlobe Aviation Ltd, which runs IndiGo, were at ₹1,029 and Spicejet Ltd rose to ₹42.95 on the BSE, while the benchmark index, Sensex gained 0.77% to 31057.09 points.
In some respite to the beleaguered sector, the civil aviation ministry has said domestic flight will resume operations from 25 May in a calibrated manner.