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Last Updated : May 15, 2019 10:50 AM IST

SpiceJet adds 7% on allotment of Jet Airways' domestic slots

Jet Airway's temporary suspension leaves over 766 slots vacant at domestic airports in the country. The Slot Allocation Committee has allocated nearly 480 of Jet's slots to other airlines.

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Shares of SpiceJet soared more than 7 percent intraday on May 15 after the budget carrier emerged as the biggest gainer in the allocation of domestic slots left vacant by Jet Airways.

According to a report in CNBCTV18, the Slot Allocation Committee allotted 130 of the 766 slots available to SpiceJet, with its maximum slots at Mumbai airport at 68 out of the 214 vacated by Jet Airways.

IndiGo received the second highest number at 127, followed by Vistara, which received 110 slots. GoAir and AirAsia India were allotted 44 and 42 slots, respectively.

Jet Airways suspended operations nearly a month ago on April 17, the departure of Jet left as many as 766 slots vacant in the country, with nearly 55 percent or 420 of these slots at the airports of Delhi, Mumbai, Bengaluru, Hyderabad and Nagpur.

At 1045 hrs, SpiceJet was quoting Rs 130.70, up 7.22 percent on the BSE.

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First Published on May 15, 2019 10:50 am
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