Shares of two aviation firms rose by 1.14% to 4.27% as the government will remove restrictions on domestic aviation capacity from 18 October 2021.
SpiceJet (up 4.27%) and InterGlobe Aviation (Indigo) (up 1.14%) jumped.The Union ministry of civil aviation (MoCA) on Tuesday allowed domestic flights to fly with 100% capacity from Monday, 18 October 2021 onwards.
The ministry reduced the permissible capacity to 50% with effect from 1 June 2021 due to the second wave of the pandemic. It increased it to 72.5% with effect from 12 August 2021, and further to 85.% with effect from 18 September 2021.
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