DGCA issues showcause notice to SpiceJet

Written By Unknown on Kamis, 20 Maret 2014 | 23.25

Aviation watchdog DGCA has reportedly issued a showcause notice to SpiceJet and suspended two of its pilots. This after videos of cabin crew performing a dance sequence on board as part of Holi celebrations were uploaded on YouTube and other social media.

Aviation watchdog DGCA has reportedly issued a showcause notice to  SpiceJet and suspended two of its pilots. This after videos of cabin crew performing a dance sequence on board as part of Holi celebrations were uploaded on YouTube and other social media. The airline has said it is looking into the issue in cooperation with the DGCA. It defended itself saying that the cockpit was manned all the time.

SpiceJet stock price

On March 20, 2014, SpiceJet closed at Rs 13.89, down Rs 0.39, or 2.73 percent. The 52-week high of the share was Rs 43.75 and the 52-week low was Rs 12.50.


The latest book value of the company is Rs -3.50 per share. At current value, the price-to-book value of the company was -3.97.


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