Aviation stocks rally as domestic passenger flights to resume from May 25


New Delhi: Aviation stocks on Thursday rallied following the federal government announcement that domestic passenger flight companies will resume from May 25 in a calibrated method.

Interglobe Aviation Ltd, which runs India`s largest airline IndiGo, jumped 7.28%, whereas second-biggest service SpiceJet climbed 4.9, Jet Airways rose 4.92 p.c %.

Domestic passenger flight companies will resume from May 25 in a calibrated method, Civil Aviation Minister Hardeep Singh Puri mentioned on Wednesday.

All scheduled industrial passenger flights have been suspended in India since March 25, when the federal government imposed a lockdown to curb the unfold of the novel coronavirus.

“Domestic civil aviation operations will recommence in a calibrated manner from Monday, May 25, 2020. All airports and air carriers are being informed to be ready for operations from 25th May,” Puri mentioned on Twitter.

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