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HomeBUSINESSSpiceJet share price hits one-year low amid recent mid-air technical glitches

SpiceJet share price hits one-year low amid recent mid-air technical glitches

HIGHLIGHTS

  • SpiceJet’s shares tumbled to its 52-week low
  • Airline’s share price on BSE was down by 0.93 per cent
  • SpiceJet flight on Tuesday had to make a landing at Karachi airport

SpiceJet’s share price on Wednesday hit a one-year low level after falling as much as 7 per cent. The airline’s shares tumbled to its 52-week low of Rs 35 on the BSE. This came after multiple SpiceJet flights suffered mid-air technical glitches in recent weeks.

SpiceJet’s share price on BSE was down by 0.93 per cent at Rs 37.30 at 12.45 pm.

A Delhi to Dubai bound SpiceJet flight on Tuesday had to make a landing at Jinnah International Airport in Pakistan’s Karachi after an indicator light had malfunctioned.

“On July 5, 2022, SpiceJet B737 aircraft operating flight SG-11 (Delhi – Dubai) was diverted to Karachi due to an indicator light malfunctioning. The aircraft landed safely at Karachi and passengers were safely disembarked,” SpiceJet said in a statement.

“No emergency was declared and the aircraft made a normal landing. There was no earlier report of any malfunction with the aircraft. Passengers have been served refreshments,” the airline said.

SpiceJet also informed that a replacement aircraft was sent to Karachi for taking the passengers to Dubai.

Last week, a SpiceJet aircraft operating from Delhi to Jabalpur returned safely to the Delhi airport after the crew had noticed smoke in the cabin while passing 5000ft. The Directorate General of Civil Aviation (DGCA) ordered a probe into the incident.

All the passengers were safely disembarked, the SpiceJet spokesperson said.

Recently, a Jabalpur-bound SpiceJet flight had to make an emergency landing after cabin pressure onboard dropped.

Within 12 hours after the incident, another SpiceJet flight had to make an emergency landing in Patna after smoke and flames were detected in its engine following a bird hit. The flight had 185 passengers on board, and all of them were safely evacuated.

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