India's SpiceJet gains after aircraft engine overhaul update

Spicejet

03/07/2025 08:29

** Shares of SpiceJet Ltd SPJT.BO climb 2.8% to 40.59 rupees

** Budget carrier says it got the first two of 17 overhauled engines needed to restore its grounded fleet

** SPJT climbs as much as 3.6% to day's high of 40.89 rupees after the news

** Adds, it has brought back a Boeing 737 Next Generation aircraft to service

** Stock's YTD losses narrow to ~27%, while India's top airline IndiGo INGL.NS has risen 27% this year

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))