Aviation stocks fly high; IndiGo zooms nearly 8%


PTI, Mar 9, 2022, 10:54 AM IST

Image credit: ANI

Aviation stocks were in huge demand on Wednesday as after a two-year hiatus, India will resume regular international flights from March 27.

Shares of InterGlobe Aviation zoomed 7.89 percent to Rs 1,726.45 on the BSE.

SpiceJet also jumped 6.57 percent to Rs 60.75.

After a two-year hiatus, India will resume regular international flights from March 27, the Ministry of Civil Aviation (MoCA) said on Tuesday.

India had suspended the scheduled international flights since March 23, 2020, due to the COVID pandemic.

However, special international flights have been operating between India and 37 countries since July 2020, under air bubble arrangements.

”After deliberation with stakeholders and keeping in view the decline in the COVID-19 caseload, we have decided to resume international travel from March 27 onwards,” Aviation Minister Jyotiraditya Scindia said, adding that ”with this step, I am confident the sector will reach new heights”.

Air bubble arrangements will also stand revoked thereafter, he said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Balasore tragedy result of composite negligence of railway officials: Orissa High Court

Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN

Three convicted for 2016 Kollam collectorate blast case

Expect Canadian government to ensure justice, uphold rule of law: PM Modi

Lone tusker spotted on NH-166 near Karkala, disrupts traffic

Lokayukta police summon Karnataka CM Siddaramaiah for questioning in MUDA case on Wednesday

Not ‘kaun banega mukhyamantri’ contest; MVA to name CM pick after polls: Jairam Ramesh

Related Articles More

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

Sensex plunges 942 points to settle at nearly 3-month low; RIL, HDFC Bank biggest drag

Equity investors become poorer by Rs 7.37 lakh crore during morning trade as markets tumble

Maruti Suzuki looks to cash in on ‘few lakh marriages’ in Nov to carry festive sales momentum

Mcap of 6 of top-10 most valued firms jump Rs 1 lakh cr; State Bank, ICICI Bank top gainers

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Balasore tragedy result of composite negligence of railway officials: Orissa High Court

Actress Kasthuri stokes controversy by her remarks on Telugu-speaking people in TN

Three convicted for 2016 Kollam collectorate blast case

Expect Canadian government to ensure justice, uphold rule of law: PM Modi

Group clash in Indore after argument over bursting firecrackers: NSA slapped against 2 accused

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.