SpiceJet shares fall for fifth day, down 3%; scrip declines nearly 8% this week

No-frills carrier SpiceJet on Friday said it has grounded three Boeing 737 freighter aircraft due to a 'potential defect'.

Press Trust of India December 20, 2019 19:26:32 IST
SpiceJet shares fall for fifth day, down 3%; scrip declines nearly 8% this week
  • No-frills carrier SpiceJet on Friday said it has grounded three Boeing 737 freighter aircraft due to a potential defect

  • The scrip dropped 3.32% to close at Rs 96 on the BSE. During the day, it tanked 3.62% to Rs 95.70

  • SpiceJet has been mainly betting on fuel-efficient MAX planes as it continues to expand operations

New Delhi: Falling for the fifth consecutive day, SpiceJet shares declined over 3 percent on Friday.

The scrip dropped 3.32 percent to close at Rs 96 on the BSE. During the day, it tanked 3.62 percent to Rs 95.70.

A total of 4.64 lakh shares were traded on the during the day.

In five days, the scrip has fallen by nearly 8 percent.

No-frills carrier SpiceJet on Friday said it has grounded three Boeing 737 freighter aircraft due to a "potential defect".

On Monday, Boeing had said it would temporarily suspend production of its globally grounded 737 MAX jets next month as safety regulators delay the aircraft's return to the skies.

SpiceJet has been mainly betting on fuel-efficient MAX planes as it continues to expand operations.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

CES 2021: HP Dragon convertible laptops, Elitebook, wireless earbuds, more announced at the event
News & Analysis

CES 2021: HP Dragon convertible laptops, Elitebook, wireless earbuds, more announced at the event

The HP Elite Dragonfly GE and Dragonfly Max will be available for sale later this month, while the Earbuds will hit markets in April.

Netflix is reportedly working on a spatial audio feature for AirPods Pro and AirPods Max
News & Analysis

Netflix is reportedly working on a spatial audio feature for AirPods Pro and AirPods Max

Even if Netflix brings in the spatial audio feature, it is most likely going to work only for Apple device

Zack Snyder says his version of Justice League will be released as four-hour film, not a miniseries
Entertainment

Zack Snyder says his version of Justice League will be released as four-hour film, not a miniseries

Zack Snyder's cut of the Justice will release on US streaming service HBO Max in March this year.