SpiceJet shares continue to fall, hit 52-week low level
Shares of SpiceJet continued to fall on Wednesday, declining 7% to hit its one-year low level of ₹35 apiece on the BSE, amid multiple instances of its planes suffering technical glitches in recent weeks. SpiceJet's Delhi-Dubai flight suffered a mid-air malfunction in its fuel indicator on Tuesday and was diverted to Karachi and cracks developed on the windshield of another plane of the budget carrier at a height of 23,000 feet forcing a priority landing in Mumbai in a double whammy for the airline. The Boeing 737 Max aircraft made an emergency landing at Karachi airport at around 9:15 am after the Pakistani Civil Aviation Authorities permitted the Indian plane to land at the Jinnah International Airport on humanitarian grounds. Hours after SpiceJet's Delhi-Dubai flight suffered a mid-air malfunction, cracks developed on the windshield of another plane of the budget carrier at a height of 23,000 feet forcing a priority landing in Mumbai in a double whammy for the airline.
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