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SpiceJet hits 2-year low after DGCA cuts 50% flight ops; stock slips 10%

Indian aviation regulator DGCA directed the low-cost airline to operate only 50 per cent of its flights for eight weeks.

Topics
Buzzing stocks | DGCA | SpiceJet

SI Reporter  |  Mumbai 



The Delhi-bound SpiceJet airplane following its emergency landing after it caught fire mid-air, at Jai Prakash Narayan Airport, in Patna (Photo: PTI)
The Delhi-bound SpiceJet airplane following its emergency landing after it caught fire mid-air, at Jai Prakash Narayan Airport, in Patna (Photo: PTI)

Shares of hit over two-year low of Rs 34.60 and slipped 10 per cent on the BSE in Thursday’s intra-day trade after Indian aviation regulator Directorate General of Civil Aviation (DGCA) directed only 50 per cent flight operation for eight weeks.

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First Published: Thu, July 28 2022. 10:25 IST

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