Shares of budget airline SpiceJet soared as much as 13.6 per cent to hit a high of Rs 75.4 on the BSE on Thursday after the US Federal Aviation Administration gave green-signal to fly Boeing 737 Max aircraft after two-years of grounding.
At 9:54 am, the stock was ruling 10 per cent higher at Rs 73 on the BSE, as 0.08 per cent dip in the benchmark S&P BSE Sensex index at 44,146. With today’s rally, the stock of the airline has surged 38.4 per cent on the BSE compared with 1.6 per cent gain in the Sensex index in the past four trading sessions.
On Wednesday, US aviation safety regulator– US FAA — cleared Boeing’s 737 Max plane to fly again, lifting grounding orders put in place in March 2019 after two deadly crashes.
