India's SpiceJet up on report of removal from DGCA's enhanced surveillance regime

Spicejet

25/07/2023 07:31

** Shares of budget carrier SpiceJet  SPJT.BO  rise as much
as 4.9% to 31 rupees
    ** Indian aviation regulator, Directorate General of Civil
Aviation (DGCA), has taken SPJT off the enhanced surveillance
regime, CNBC TV18 reported citing DGCA sources
    ** Report adds that DGCA teams inspected a total of 23
aircraft and made 95 observations
    ** DGCA sources say findings were of routine nature and were
not considered significant by the regulator, according to the
report
    ** SPJT did not immediately respond to Reuters' request for
comment
    ** Almost 1.3 mln shares change hands as of 11:46 a.m. IST,
0.7X the 30-day moving average
    ** Stock up 23.7% this year, as of last close

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))