SpiceJet added three new aircraft to its operational fleet, including an Airbus A340 wide-body and two Boeing 737s, as part of its winter expansion plan
According to media reports, India's leading airlines, particularly IndiGo and Air India have warned passengers of service disruptions following Pakistan closing its airspace to Indian airlines.
Since January 22, 2025, the stock price of IndiGo has zoomed 32% after the company reported a better than expected 14% YoY growth in revenue, led by a 13% YoY rise in passenger volumes in Q3FY25.
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Last month, SpiceJet announced the resolution of a $23.39 million dispute with Aircastle (Ireland) designated activity company and Wilmington Trust SP Services (Dublin) Limited
However, in the past six months, the SpiceJet stock has underperformed the market by falling nearly 10 per cent, as compared to 13 per cent rally in the BSE Sensex.
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The stock has rallied 27% in two days after the board allotted equity shares and warrants to the promoter group company, and allotted equity shares to aircraft lessors on preferential basis.
At 09:15 am; around 18.19 million equity shares representing 4.71 per cent of total equity of IndiGo have changed hands on the BSE, the exchange data shows.
The carrier had earlier this month placed an order for 500 A320 family aircraft, which will be delivered between 2030 and 2035. It is the world's largest single-tranche aircraft order
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