SpiceJet rallies 15% in 2 days, hits over 7-month high on heavy volumes

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SpiceJet rallies 15% in 2 days, hits over 7-month high on heavy volumes - Business Standard

Quick Summary:

SpiceJet moved the Supreme Court against the Delhi High Court order that directed the grounding and return of three engines leased from Team France 01 SAS and Sunbird France 02 SAS.

The company plans to unground three B737-700s, two B737-700 (BDSF)s, four B737-800s, three B737-900s, three B737-8s and B737-Max, and 13 DHC-8-Q400s.

At 10:25 AM, SpiceJet was trading 7 per cent higher at Rs 70.92, compared to the 0.21 per cent decline in the BSE Sensex.