After the budget carrier, SpiceJet emerged as the biggest gainer in allotting the vacant slots of the Jet Airways, shares of SpiceJet climbed more than 7 percent on intraday on May 15.
Reportedly, the Slot Allocation Committee allotted 130 of the 766 slots available to SpiceJet, with its maximum slots allocated at Mumbai airport at 68 out of 214 vacated by Jet Airways.
SpiceJet was quoting to Rs 131.20, up 7.38 percent on the BSE, at 13:03 hrs.
Following to which, IndiGo received the second highest figure of 127, followed by Vistara, which received 110 slots. GoAir and AirAsia India were allotted 44 and 42 slots, respectively. After the operations of Jet Airways were suspended nearly a month ago on April 17, as many as 766 slots were left vacant in the country. With nearly 55 percent of these slots at the airport of Delhi, Mumbai, Bengaluru, Nagpur, and Hyderabad.
Read EquityPandit’s Technical Analysis on Nifty