Air carriers take off as Govt removes curbs on domestic flights

Shares of two aviation firms rose by 1.14% to 4.27% as the government will remove restrictions on domestic aviation capacity from 18 October 2021.

Oct 13, 2021 09:10 IST capital market

SpiceJet (up 4.27%) and InterGlobe Aviation (Indigo) (up 1.14%) jumped.

The Union ministry of civil aviation (MoCA) on Tuesday allowed domestic flights to fly with 100% capacity from Monday, 18 October 2021 onwards.

The ministry reduced the permissible capacity to 50% with effect from 1 June 2021 due to the second wave of the pandemic. It increased it to 72.5% with effect from 12 August 2021, and further to 85.% with effect from 18 September 2021.

Powered by Capital Market - Live News

Related Story

Open Free Demat Account (Rs699)
Open ZERO Brokerage Demat Account

  • 0

    Delivery Brokerage for Lifetime

  • 20

    Per order for Intraday, F&O, Currency & Commodity