Profit

Jet, SpiceJet jump on extension of ECB deadline

 Share
EMAIL
PRINT
COMMENTS
Jet, SpiceJet jump on extension of ECB deadline

Airline shares gain after the RBI on Wednesday extended the deadline for raising working capital via external commercial borrowings by domestic airlines to March 2015 from December 2013.

Shares in Jet Airways (India) Ltd, India's No.2 airline by domestic market share, gains 1.4 per cent while SpiceJet Ltd surges 3.8 per cent.

Jet Airways and SpiceJet reported quarterly losses in February as carriers battled high fuel costs and stiff competition limited fare increases.

Copyright: Thomson Reuters 2014



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top