Shares of SpiceJet today surged to a fresh 52-week high, a day after Jet Airways shut down all flight operations indefinitely after lenders declined to extend more funds to keep it going. SpiceJet shares rose as much as 15% to a 52-week high of ₹152 while another carrier InterGlobe Aviation, which operates IndiGo, also attracted strong buying. On the other hand, Jet Airways shares fell as much as 34%, in a sign that investors were sceptical about a revival despite lenders saying that they are “reasonably hopeful” that the bidding process for the grounded airline will end successfully.
Meanwhile, SpiceJet today said it will induct six more Boeing 737-800 NG aircraft on dry lease. These six aircraft are in addition to the 16 Boeing 737 planes and five 90-seater Bombardier Q400 planes that the airline will soon induct. The total number of planes SpiceJet plans to induct in the immediate future now stands at 27.
