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SpiceJet flies high on inking LoI with Lufthansa Systems to offer in-flight entertainment

21 Apr 2017

Spicejet is currently trading at Rs. 106.30, up by 2.60 points or 2.51% from its previous closing of Rs. 103.70 on the BSE.

The scrip opened at Rs. 104.00 and has touched a high and low of Rs. 107.40 and Rs. 102.50 respectively. So far 4725468 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.40 on 21-Apr-2017 and a 52 week low of Rs. 54.50 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 107.40 and Rs. 90.30 respectively. The current market cap of the company is Rs. 6375.15 crore.

The promoters holding in the company stood at 60.25%, while institutions and non-institutions held 8.06% and 31.69% respectively.

SpiceJet will soon offer in-flight entertainment services wherein passengers can shop and stream movies during the flights. In this regard, a Letter of Intent (LoI) has been signed with Lufthansa Systems and the services are expected to be available for the fliers this year.

Lufthansa Systems would equip SpiceJet planes with BoardConnect Portable -- a Mobile Streaming Unit (MSU). The new service would allow passengers to do shopping, stream movies, cricket and other content from select platforms offered by the airline.

SpiceJet was among the first private companies that stepped into the Indian aviation sector. The airline, which has a fleet of 49 planes, operates an average of 342 flights daily.

Related Spicejet Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323