As per media reports, the government is mulling to ask SpiceJet to buy aircrafts of Jet Airways. Accordingly, the development will help 250 pilots and cabin crew maintenance workers and engineers of Jet Airways. The move looks a win-win situation for both airlines.
The need for saving jobs of debt ridden airline company became a need of hour, especially after media reports suggested that State Bank of India led consortium showed confidence in saving the cash strapped airline company.
SpiceJet Ltd's share price is currently at Rs98.90, up by Rs7.25 or 7.91%, from its previous close of Rs91.65 on the BSE. The scrip opened at Rs93.50 and has touched a high and low of Rs104.70 and Rs93.30 respectively. So far 95,24,471 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs5,496.42cr.