The rise is explained by the ongoing demand for air travel, even though there are still supply issues with planes.
The settlement comes after the airline raised Rs 3,000 crore in a QIP.
Shivamogga is the airline's first new destination after its successful Rs 3,000 crore Qualified Institutional Placement (QIP).
The airline has settled a dispute worth $131.85 million (roughly ₹1,107 crore) with the lessors for $22.5 million.
Three SpiceJet aircraft that were previously grounded are being brought back into service, and seven of these aircraft will be leased.
At 1:00 p.m., Indigo operator InterGlobe Aviation shares were trading at Rs 4,906 on the NSE, up 2.5%.
Here are some of the stocks that may see significant price movement today: Vedanta, Uno Minda, Reliance Power, etc.
The stake sale occurred between September 17 and 23, 2024, with over 1.81 Crore shares sold, allowing Carlyle to retain 2.99 Crore shares in the airline.
SpiceJet now has approximately 30 grounded aircraft, which Singh hopes to be reactivated by the end of 2025.
SpiceJet now has approximately 30 grounded aircraft, which Singh hopes to be reactivated by the end of 2025.
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