Shares of InterGlobe Aviation, parent of IndiGo, and SpiceJet rallied by up to 7 per cent in intra-day trade on BSE on Wednesday in an otherwise range-bound market. The stock of Jet Airways slipped 6 per cent to Rs 214 in intra-day trade today on report that angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries.
Jet Airways had on Tuesday, after market hours, said that additional six aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements.
The company is actively engaged with all its aircraft lessors and regularly provides with updates on the efforts undertaken by the company to improve its liquidity. Aircraft lessors have been supportive of the company’s efforts in this regard, the airline said.
