Under the terms of the agreement, SpiceJet will acquire full ownership of 13 EDC-financed Q400 aircraft. The move will bolster the airline's operational capabilities and fleet management.
SpiceJet shares rose on Friday after DGCA numbers announcement. MD Ajay Singh and Busy Bee Airways bid for GoFirst, aiming to improve operations. Experts expect market reaction on Monday.
SpiceJet's lack of transparency in sharing its key operational data remains a major concern, said Nuvama said. It expects SpiceJet’s yields to cool down in H2FY24, led by an increase in capacity on resumption of certain grounded aircraft.
SpiceJet share price: The stock today jumped 9.83 per cent to hit a fresh one-year high of Rs 48.38. At this price, the scrip has climbed 27.05 per cent in three days. The counter has gained around 39 per cent in the past one month and 100 per cent in six months.
SpiceJet share price: The stock saw strong trading volumes today as more than 1.28 crore shares were last seen changing hands on BSE. The figure was way more than the two-week average volume of 24.90 lakh shares. Turnover on the counter stood at Rs 53.63 crore, commanding a market capitalisation (m-cap) of Rs 2,921.28 crore.