Mumbai: Spicejet Ltd’s chief executive officer Sanjay Aggarwal on Monday admitted he had met Mumbai-based GoAir’s chief executive officer Jeh Wadia, but declined to comment on reports of a possible merger of the two low-cost airlines. He met Wadia to get to know the Indian aviation space as he was “new to India”, he said.
Airline shares gain on better air traffic number
New Delhi: Airlines stock were up on Monday with Jet Airways (India) Ltd being the biggest gainer among listed carriers, jumping as much as 17.16% to end at Rs149.20 on the Bombay Stock Exchange, or BSE. Kingfisher Airlines Ltd rose 9.83% to close at Rs29.60 while Spicejet Ltd closed at Rs14.06, gaining 3.15%. The rally came after Friday’s air traffic numbers showed airlines carried more passengers in February over January. Nearly 3.32 million passengers took to domestic skies in January compared with 3.33 million last month.
But consulting firm Center for Asia Pacific Aviation’s India chief executive Kapil Kaul said there was “no appreciable change in the sentiment” on the ground that could have lifted prices.