spicejet sinks 8% in a week - sinks

by:KEDIBO     2019-09-14
spicejet sinks 8% in a week  -  sinks
Mumbai: About a dozen Boeing 737 Max 8 aircraft in the low-cost airline SpiceJet's fleet have fallen more than 8% in a week.
This particular model of aircraft is said to have serious safety flaws, which came after a crash on Sunday after a Boeing 737 Max 8 crashed a few minutes after taking off.
Shares of BSE airlines fell 2% on Wednesday's relatively stable market to close at 77 rupees.
The stock closed at Rs 84 last Friday.
On Tuesday night, DGCA, India's civil aviation regulator, said all Boeing 737 Max 8 aircraft were grounded "until appropriate modifications and safety measures were taken to ensure their safe operation.
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