SpiceJet has rallied over 10% at Rs 17.30 after the company said it has signed a three-year interline agreement with Tigerair, Singapore’s largest budget airline, to pave the way for greater connectivity between flights operated by both carriers.
The stock opened at Rs 15.85 and hit a high of Rs 17.60 on the BSE. The trading volumes on the counter surged over two-fold with 4.32 million shares have changed hands till 0950 hours against an average 1.78 million shares that were traded daily in past two weeks on the BSE.
Starting from 6th January 2014, customers travelling on SpiceJet’s domestic network from 14 Indian cities can enjoy seamless connection through Hyderabad’s Rajiv Gandhi International Airport onto Tigerair’s Singapore-bound flights, the company said in a regulatory filing.
Starting from 12th January 2014, Tigerair customers from Singapore will also enjoy easy access to SpiceJet’s wide domestic network, making their holiday and business travel more seamless, it added.
The stock opened at Rs 15.85 and hit a high of Rs 17.60 on the BSE. The trading volumes on the counter surged over two-fold with 4.32 million shares have changed hands till 0950 hours against an average 1.78 million shares that were traded daily in past two weeks on the BSE.
Starting from 6th January 2014, customers travelling on SpiceJet’s domestic network from 14 Indian cities can enjoy seamless connection through Hyderabad’s Rajiv Gandhi International Airport onto Tigerair’s Singapore-bound flights, the company said in a regulatory filing.
Starting from 12th January 2014, Tigerair customers from Singapore will also enjoy easy access to SpiceJet’s wide domestic network, making their holiday and business travel more seamless, it added.
