SpiceJet Shares Jump 15% As Jet Airways Stops Flights

SpiceJet shares jumped as much as 15 per cent on Thursday, after news that Jet Airways had suspended its operations. SpiceJet chairman Ajay Singh said the budget airline was taking "all possible proactive measures" to deal with capacity reduction in the aviation industry, a day after rival Jet Airways was forced to ground all flights as it ran out of funds.