Aviation stocks fall: InterGlobe Aviation shares fell as much as 5.62 per cent, while the counter of Spice Jet slipped 5.64 per cent on BSE
Air India's fatal Boeing 787 crash triggers declines in aviation stocks across India and the US, as investor sentiment turns cautious ahead of the Paris Air Show
On Thursday, a total of 27 airports in northern, western, and central India have been shut for commercial operations until May 10, according to reports
Crude oil prices fell below $70 per barrel over US President Donald Trump's new tariffs, raising concerns over a global trade war that could weigh on oil demand
The airline has already signed agreements for the leased aircraft, with the full induction of all the seven planes expected by November 15.
Shares of listed airlines IndiGo and SpiceJet gained up to 5.4 per cent after the central government cut air turbine fuel (ATF) rates
SpiceJet's board approved the issue and allotment of 48,70,12,986 equity shares to eligible qualified institutional buyers
SpiceJet moved the Supreme Court against the Delhi High Court order that directed the grounding and return of three engines leased from Team France 01 SAS and Sunbird France 02 SAS.
Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies
IndiGo share price today: Jefferies bull case pegs IndiGo's share price target price at Rs 5,800, suggesting a likely upside of 29.4 per cent from current levels
In December 2023, IndiGo airline surpassed United to become the sixth largest airline in the world
The floor price for the block deal has been set at 2,925 rupees per share, the report said, which is a 5.8% discount to Interglobe's closing price on Thursday
They, however, suggest staying mindful of supply chain issues, and P&W engine snags
The average trading volumes at the counter jumped four-fold today, with 21.24 million equity shares changing hands on the BSE till 12:23 PM.
International routes and supply shortages are, however, positive for IndiGo
The company registered net profit at Rs 205 crore in the June ended quarter (Q1FY24), as against net loss of Rs 789 crore, in the year-ago period.
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Stock market live: Overnight in the US, banking shares declined as investors fret over the stability of small regional banks. The Dow Jones and Nasdaq fell 1.08% each while the S&P 500 shed 1.16%
Apart from IndiGo, Tata group-owned Air India, could be the second key beneficiary given its strong fleet and balance-sheet strength
On Tuesday, Go First filed for bankruptcy with the National Company Law Tribunal, blaming Pratt & Whitney engines for the grounding of about half its fleet