Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

SpiceJet to operate flights to US, share price up 2%

SpiceJet has reportedly kick-started plans to wet-lease long haul planes for the United Kingdom and Europe, as air travel in these regions resume.

July 23, 2020 / 09:43 PM IST
X

SpiceJet share price gained over a percent intraday on July 23 after the airline was designated as Indian scheduled carrier to operate on agreed services between India and the United States of America.

"In terms of the Air Services Agreement between the Government of India and the Government of the United States of America, SpiceJet has been designated as Indian scheduled carrier to operate on agreed services between India and the USA," the company said in a filing to the exchanges.

The stock price has been under pressure as domestic air travel remains limited and international travel suspended. It was trading at Rs 48.30, up Rs 0.85, or 1.79 percent. It has touched an intraday high of Rs 49.15 and an intraday low of Rs 47.45.

SpiceJet has reportedly kick-started plans to wet-lease long-haul planes for the United Kingdom and Europe, as air travel in these regions resume. Airlines have been severely hit since March after flights were stopped amid the COVID-19 pandemic.

SpiceJet has already leased an Airbus 330 from Oman Air for flights to London, which commence on July 27, media reports said.

Moneycontrol could not independently verify the report.

Moneycontrol News
first published: Jul 23, 2020 11:18 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347