A sudden 8 percent increase has been noted in the shares of the Jet Airways rival, SpiceJet on Monday. After the company announced it would launch international flights to Dhaka, Dubai, Hong Kong, Jeddah, Colombo, Riyadh, Kathmandu and Bangkok from Mumbai; these new flights are likely to function by the May end.
At 3:21 PM, the airline’s shares were trading at 8.19 percent from the previous close at Rs. 118.90. SpiceJet will be the first and only budget carrier to launch daily direct flights internationally to nearly all sectors, according to the company statement.
“India’s financial capital, Mumbai, is a key destination on SpiceJet’s network and the airline aims to further scale up its international and domestic connectivity from the city. SpiceJet already connects Mumbai with a non-stop flight to Dubai and recently announced a new daily direct flight to Bangkok. The airline aims to enhance its operations between Mumbai and Dubai with two additional frequencies,” the airline said in a statement.