SpiceJet flies high on tie up with Singapore's Tigerair; scrip zooms over 12%
Posted By: Religare
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Shares of low cost carrier SpiceJet rallied over 12 per cent in early trade on Bombay Stock Exchange (BSE) on reports that the company is set to sign an inter-line agreement with Singapore-based Tiger Airways Singapore Pte Ltd to connect to Singapore and other international destinations from Hyderabad airport.
According to media reports, a formal announcement is expected on Monday in Hyderabad, which is one of SpiceJet's airport hubs.
Cheering the news, shares of company gained as much as 12.10 per cent to trade at Rs 17.60 a piece on the BSE. Meanwhile, the broader benchmark Sensex was quoting at 20,756.31, up 40.73 points or 0.20 per cent at 9:50 hours.