{"id":36489,"date":"2023-06-21T20:32:03","date_gmt":"2023-06-21T15:02:03","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=36489"},"modified":"2023-06-22T20:59:25","modified_gmt":"2023-06-22T15:29:25","slug":"spicejet-stock-soars-by-7-percent-after-a-liability-settlement-with-nordic-aviation","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2023\/06\/21\/spicejet-stock-soars-by-7-percent-after-a-liability-settlement-with-nordic-aviation\/","title":{"rendered":"SpiceJet Stock Soars by 7 Percent After A Liability Settlement with Nordic Aviation"},"content":{"rendered":"\n

MUMBAI-<\/strong> On Wednesday, 21 June, trading on BSE, shares of SpiceJet (SG),<\/a> an airline company, stock soars by 7% to reach Rs 29 following the company’s agreement with Nordic Aviation Capital (NAC), a major lessor of its Q400 aircraft.<\/p>\n\n\n\n

The settlement agreement effectively resolves all previous obligations related to the Q400 planes leased by NAC to SpiceJet. Currently, the airline operates five Q400 aircraft from NAC in its fleet.<\/p>\n\n\n\n

With this settlement, the airline will reintroduce three additional Q400 aircraft from NAC into its fleet. The lessor had previously repossessed these aircraft.<\/p>\n\n\n\n

\"SpiceJet
Photo: SpiceJet VT-SGY | Andrew W. Sieber | Flickr<\/figcaption><\/figure>\n\n\n\n

SpiceJet operates 250 daily flights<\/h2>\n\n\n\n

The inclusion of these three aircraft, combined with the airline’s fleet revival and restoration program, will significantly expand SpiceJet’s fleet in the upcoming weeks.<\/p>\n\n\n\n

At 11:48 am, the stock was trading 5% higher at Rs 29 on BSE. However, the stock has experienced a 26% decline year-to-date and a 29% decrease in the past year.<\/p>\n\n\n\n

SpiceJet operates about 250 daily flights to 48 destinations within India and to international destinations. Its fleet comprises various aircraft models, including Boeing 737 Max, Boeing 700, and Q400s.<\/p>\n\n\n\n

According to Trendlyne data, the average target price for the stock is Rs 43, indicating a potential upside of 49% from the current market prices. The consensus recommendation from three analysts is to hold the stock.<\/p>\n\n\n\n

\"Spicejet
Photo: SpiceJet Boeing 737 MAX 8 VT-MAX | Vienna Airport 29.9.2018 | Flickr<\/figcaption><\/figure>\n\n\n\n

SpiceJet stock<\/h2>\n\n\n\n

From a technical perspective, the stock’s day RSI (14) stands at 46.3. An RSI below 30 is considered oversold, while above 70 is overbought, as per Trendlyne data. The MACD is at -0.6, which is below the Center Line, indicating a bearish trend.<\/p>\n\n\n\n

The company’s stock has a negative price-to-earnings (P\/E) ratio of 0.84 and a negative price-to-book (P\/B) value of 0.28. <\/p>\n\n\n\n

As of March 31, SpiceJet had a market capitalization of Rs 1,743 crore. The airline’s promoters held a 58.98% stake in the company.<\/p>\n\n\n\n

Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n

Also, read FIRST LOOK: Air India Airlines New Possible Branding, Livery, Logo and More | Exclusive \u2013 Aviation A2Z<\/a><\/p>\n\n\n\n

Join us on\u00a0Telegram Group<\/a>\u00a0for Latest Aviation Updates. Subsequently, follow us on\u00a0Google News.<\/a><\/p>\n\n\n\n

\nhttps:\/\/aviationa2z.com\/index.php\/2023\/06\/22\/spicejet-suspends-operations-on-this-routes-know-more-here\/\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"

In Wednesday 21 ,June,2023 ‘s trading on BSE, shares of SpiceJet, an airline company, stock soars by 7% to reach Rs 29 following the company’s agreement with Nordic Aviation Capital (NAC), a major lessor of its Q400 aircraft.<\/p>\n","protected":false},"author":3,"featured_media":36492,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[7215,8469,6761,8474],"tags":[392,393,81,446,5601,3389,9830],"class_list":{"0":"post-36489","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airline-news","8":"category-indian-airlines","9":"category-news","10":"category-spicejet","11":"tag-airlines-news","12":"tag-aviation-news","13":"tag-latest-aviation-news","14":"tag-spicejet","15":"tag-spicejet-flight","16":"tag-spicejet-news","17":"tag-spicejet-nordic-aviation"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/36489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=36489"}],"version-history":[{"count":3,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/36489\/revisions"}],"predecessor-version":[{"id":36699,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/36489\/revisions\/36699"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/36492"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=36489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=36489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=36489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}