SpiceJet advances on inking $12.5 billion deal with CFM International

12 Mar 2018

SpiceJet is currently trading at Rs. 140.20, up by 4.15 points or 3.05% from its previous closing of Rs. 136.05 on the BSE.

The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 142.00 and Rs. 139.40 respectively. So far 53,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 156.25 on 20-Dec-2017 and a 52 week low of Rs. 78.60 on 10-Mar-2017.

Last one week high and low of the scrip stood at Rs. 142.00 and Rs. 121.00 respectively. The current market cap of the company is Rs. 8,395.00 crore.

The promoters holding in the company stood at 60.03%, while Institutions and Non-Institutions held 12.24% and 27.74% respectively.

SpiceJet and CFM International have inked a $12.5 billion agreement that finalizes the purchase of LEAP-1B engines to power a total of 155 Boeing 737 MAX airplanes, along with spare engines to support the fleet.

The airline has also signed a 10-year Rate per Flight Hour (RPFH) agreement with CFM Services that covers all LEAP-1B engines powering SpiceJet’s 737 MAX airplanes.

RPFH agreements are part of CFM’s portfolio of flexible aftermarket support offerings. Under the terms of the agreement, CFM guarantees maintenance costs for all SpiceJet’s LEAP-1B engines on a pay by hour basis.

SpiceJet is India’s favourite airline that has made flying affordable for more Indians than ever before. SpiceJet operates 408 average daily flights to 52 destinations, including 45 domestic and 7 international ones.




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82.70 -2.35 (-2.76%) Feb 26, 18:55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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