SpiceJet flies high on finalizing lease agreement to introduce two wide-body A340 aircraft for Haj operations
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SpiceJet is currently trading at Rs. 59.17, up by 5.06 points or 9.35% from its previous closing of Rs. 54.11 on the BSE.
The scrip opened at Rs. 54.50 and has touched a high and low of Rs. 60.00 and Rs. 53.06 respectively. So far 5461853 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.50 on 05-Feb-2024 and a 52 week low of Rs. 22.65 on 23-May-2023.
Last one week high and low of the scrip stood at Rs. 63.99 and Rs. 48.50 respectively. The current market cap of the company is Rs. 4520.25 crore.
The promoters holding in the company stood at 55.28%, while Institutions and Non-Institutions held 0.36% and 44.36% respectively.
SpiceJet has finalised a significant lease agreement to introduce two wide-body A340 aircraft into its fleet for the upcoming Haj operations. This strategic move underscores the airline's commitment to delivering exceptional travel experiences while maximizing revenue streams.
The airline will deploy the wide-body aircraft from both Srinagar and Guwahati. Last year, SpiceJet's Haj operations generated substantial revenue of Rs 337 crore. The airline aims to replicate this success in the current year's operations.
SpiceJet is among the first private companies that stepped into the Indian aviation sector.
