Friday, March 29, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Aviation stocks surge ahead of resumption of domestic flights on Monday

Aviation stocks surge ahead of resumption of domestic flights on Monday

Aviation stocks on Thursday rallied up to 10 per cent in opening trade after the government announced that domestic passenger flight services will resume from May 25 in a calibrated manner.

PTI Edited by: PTI New Delhi Published on: May 21, 2020 11:56 IST
Aviation stocks surge ahead of resumption of domestic flights on Monday
Image Source : PTI

Aviation stocks surge ahead of resumption of domestic flights on Monday

Aviation stocks on Thursday rallied up to 10 per cent in opening trade after the government announced that domestic passenger flight services will resume from May 25 in a calibrated manner.

InterGlobe Aviation shares zoomed 9.88 per cent to Rs 1,002 on the BSE.

SpiceJet also jumped 4.88 per cent to Rs 42.95 -- its upper circuit limit.

Domestic passenger flight services will resume from May 25 in a calibrated manner, Civil Aviation Minister Hardeep Singh Puri said on Wednesday.

All scheduled commercial passenger flights have been suspended in India since March 25, when the government imposed a lockdown to curb the spread of the novel coronavirus.

"Domestic civil aviation operations will recommence in a calibrated manner from Monday, May 25, 2020. All airports and air carriers are being informed to be ready for operations from 25th May," Puri said on Twitter.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement