SpiceJet shares surge more than 8% on launch of new international flights

In the middle of Jet Airways crisis, shares of rival SpiceJet jumped on Monday after the company announced it would launch a slew of new international flights to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu from Mumbai. The new flights will start operating by May-end.

Budget-carrier SpiceJet shares surged more than 8% after the airline announced its plans for international flights. At 3:21 PM, the airline’s shares were trading at Rs 118.90, 8.19% from the previous close.

According to the company’s statement, SpiceJet will be the first and only Indian budget carrier to launch daily direct flights on the Mumbai-Colombo, Mumbai-Dhaka, Mumbai-Riyadh, Mumbai-Hong Kong and Mumbai-Kathmandu sectors. The airline will be deploying its Boeing 737 NG aircraft on the new routes. Read More

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