SpiceJet gains 7% on launch of new international flights

The airline will be deploying its Boeing 737 NG aircraft on the new routes.

Apr 15, 2019 04:04 IST India Infoline News Service

Shares of SpiceJet gained 7% on Monday after the company launched a slew of new international flights from Mumbai.

SpiceJet will connect Mumbai to a host of international destinations with direct non-stop flights to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok, and Kathmandu. The new international flights will commence from May-end, the company said in a press note to the exchange on Monday.

"SpiceJet will be the first and the 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," the company added.

The airline company had last week announced six new domestic flights connecting Mumbai with Kolkata, Chennai, and Varanasi. While SpiceJet’s international flight to Bangkok will start from May 17, 2019, the domestic flights are effective April 18, 2019
SpiceJet Ltd is currently trading at Rs117.40 up by Rs7.5 or 6.82% from its previous closing of Rs109.90 on the BSE.
The scrip opened at Rs113.20 and has touched a high and low of Rs118.50 and Rs113.20 respectively. So far 32,52,196 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs6,590.90cr.

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