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SpiceJet updates on Boeing 737 Max fleet

Posted On: 2019-03-13 11:59:12

Consequent to the regulatory directive on the Boeing 737 Max, SpiceJet has already initiated grounding of its Max fleet. In order to cause least inconvenience to its passengers and also bring these aircraft to its maintenance base we expect to complete this exercise on or before 4 pm today.

SpiceJet has presently announced cancellation of 14 flights for today and will be operating additional flights from tomorrow. Of the 76 planes in our fleet, 64 aircraft are in operations and we are confident of minimizing the inconvenience to our passengers and attain normalcy in our operations.

While a majority of passengers affected as a result of these cancellations have been accommodated by SpiceJet on alternate flights, rest have been offered a full-refund.

Safety and security of our passengers, crew and operations are of utmost importance to us and we are closely working with the regulator and manufacturer to resolve the matter.

Shares of SPICEJET LTD. was last trading in BSE at Rs.78.8 as compared to the previous close of Rs. 83.2. The total number of shares traded during the day was 1482257 in over 10417 trades.

The stock hit an intraday high of Rs. 84.4 and intraday low of 78.4. The net turnover during the day was Rs. 119344729.


Source: Equity Bulls

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