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IndiGo, SpiceJet dip up to 9.5% on no liquidity support, lockdown extension

Commercial passenger flights and airport operations are suspended since the nationwide lockdown was imposed on March 24, causing crores in losses

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Buzzing stocks | Aviation stocks | Markets

SI Reporter  |  New Delhi 



Experts said the finance minister’s reforms were not concrete and airline promoters will have to infuse more cash to save their companies.
Experts said the finance minister’s reforms were not concrete and airline promoters will have to infuse more cash to save their companies.

InterGlobe Aviation and tumbled as much as 9.5 per cent on the BSE on Monday after the government's Rs 20 trillion economic package failed to deliver immediate liquidity support to the bleeding airlines. Besides, the government has prohibited air travel till May 31 as part of the fourth phase of the nationwide lockdown.

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First Published: Mon, May 18 2020. 10:38 IST

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