SpiceJet shares rose 3% on November 28 after Aircastle withdrew its insolvency case against the airline, following a mutually agreed settlement. This positive development comes after SpiceJet resolved a $23.39 million dispute with Aircastle for $5 million, contributing to a 15% gain in the stock over the past week.
IndiGo and SpiceJet shares rose by 3% as domestic air traffic surpassed 500,000 passengers in a single day for the first time. Goldman Sachs has maintained a "buy" rating on IndiGo, setting a target price of Rs 4,800 per share, with air traffic growth in October and November at 10% and 11%, respectively. IndiGo"s passenger load factor (PLF) improved to 90%, up from 85.6% last year.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
