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Spicejet flies higher on inking three year interline agreement with Tigerair

SpiceJet Ltd. | Airlines | Travel & Hospitality | BSE: 500285 | NSE: SPICEJET

16 Dec 2013 Evaluate

Spicejet is currently trading at Rs. 17.10, up by 1.40 points or 8.92 % from its previous closing of Rs. 15.70 on the BSE.

The scrip opened at Rs. 15.85 and has touched a high and low of Rs. 17.60 and Rs. 15.85 respectively. So far 4564558 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 48.85 on 01-Feb-2013 and a 52 week low of Rs. 15.50 on 26-Nov-2013.

Last one week high and low of the scrip stood at Rs. 17.55 and Rs. 15.60 respectively. The current market cap of the company is Rs. 920.68 crore.

The promoters holding in the company stood at 52.14% while Institutions and Non-Institutions held 7.59% and 40.27% respectively.

SpiceJet, India's preferred budget airline, and Tigerair, Singapore's largest budget airline, have signed a three-year interline agreement to pave the way for greater connectivity between flights operated by both carriers. SpiceJet is the first Indian low fare airline to establish such an arrangement with a foreign airline. This partnership will result in a major boost for tourism and business travel between the two countries.

Starting from January 6, 2014, customers travelling on SpiceJet's domestic network from 14 Indian cities can enjoy seamless connection through Hyderabad's Rajiv Gandhi International Airport onto Tigerair's Singapore-bound flights. The 14 Indian cities are Ahmedabad, Bhopal, Chennai, Kolkata, Coimbatore, Delhi, Goa, Indore, Mangalore, Madurai, Pune, Bengaluru, Tirupati, and Visakhapatnam (Vizag).

Starting from January 12, 2014, Tigerair customers from Singapore will also enjoy easy access to SpiceJet's wide domestic network, making their holiday and business travel more seamless.

SpiceJet is the fourth largest airline and operates over 350 daily flights to over 47 domestic cities and eight international destinations. It has got 19.9% market share.

SpiceJet Share Price

13.88 -0.26 (-1.84%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Interglobe Aviation	4638.75
SpiceJet	13.88
Raymond	422.05
Global Vectra Helico	203.85
Taneja Aerospace	281.55
View more..

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Spicejet flies higher on inking three year interline agreement with Tigerair

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