A reset in ties
Against a backdrop of rapidly deteriorating relations between India and Bangladesh, Indian Foreign Secretary Vikram Misri’s recent visit to Dhaka marked a crucial effort to restore bilateral ties.
Shares of SpiceJet zoomed nearly 9 per cent Monday after the company announced that it would launch direct flights from Mumbai to seven international destinations, including Colombo, Jeddah, Dhaka, Riyadh and Hong Kong.
The scrip climbed 8.60 per cent to close at Rs 119.35 on the BSE. During the trade, it jumped 9.19 per cent to Rs 120.
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About 77 lakh shares of the company were traded on the BSE during the day.
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Shares of SpiceJet had zoomed 8.5 per cent Friday after the announcement it would induct 16 Boeing 737-800 NG aircraft, a move that would help in bringing down flight cancellations.
Direct flights would also be operated from Mumbai to Bangkok and Kathmandu.
The services would be started from the end of May.
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