SpiceJet Shares Rs 400 Cr Plan With DGCA To Put Grounded Planes In Sky, Share Jumps 8% | Details

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SpiceJet stock price surged 6% in Wednesday's trade after the budget carrier announced an amicable settlement of a $132 million ( ₹1,108 crore) deal with Babcock & Brown Aircraft Management (BBAM).

The airline also informed the DGCA that it will be spending Rs 400 crore on 36 planes from its grounded fleet to get them ready to be in service once again.

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First try to run the once without cancellation #dgca

thotapavan