New Delhi: Shares of SpiceJet NSE 0.87 % continued to slide, dropping another 5 per cent, on Thursday after DGCA extended the flight cap or the suspension on the airline operator till October 29.
In a blow to the budget carrier, the Director General of Civil Aviation (DGCA) said that it is extending domestic SpiceJet’s suspension to operate at 50 per cent capacity till October 29.
In its order dated September 21, the aviation regulator said that it is extending the restriction imposed on the budget carrier as a cautionary measure. In the meantime, SpiceJet shall be under ‘enhanced surveillance’ by the DGCA.
