SpiceJet and EaseMyTrip signs agreement to enhance offerings in the Indian market

At 3 pm, the shares of SpiceJet were trading at Rs 30.10, up by 2.03% from its previous closing of Rs 29.50 on the BSE. 

SpiceJet, on July 10 announced the appointment of EaseMyTrip (EMT) as a General Sales Agent (GSA) for select market section in India. This strategic partnership aims to enhance the promotion and sale of SpiceJet’s products and services in select markets. This collaboration showcases the commitment of both companies to deliver exceptional travel experiences and convenience to customers.  

The appointment of EaseMyTrip as a General Sales Agent will commence from 1st August, 2023. With their extensive network and expertise in the travel industry, EaseMyTrip will play an important role in boosting sales. As the GSA, EaseMyTrip will actively promote SpiceJet’s services, leverage its distribution channels, and employ all necessary measures to enhance the distribution and network of SpiceJet. 

SpiceJet is an IATA-IOSA certified airline that operates a fleet of Boeing 737s & Q-400s and is one of the country’s largest regional players operating multiple daily flights under UDAN or the Regional Connectivity Scheme. The majority of the airline’s fleet offers SpiceMax, the most spacious economy class seating in India. 

Today, the stock opened at Rs 29.50 and has touched a high and low of Rs 30.54 and Rs 29.50 respectively.  

The BSE group ‘A’ stock of face value Rs 10 has touched a 52 week high and low of Rs 52.40 and Rs 22.65, respectively. 

Last one week high and low of the scrip stood at Rs 32.00 and Rs. 27.50 respectively. The current market cap of the company is Rs 1,812.16crore. 

The promoters holding in the company stood at 58.98%, while Institutions and Non-Institutions held 0.44% and 40.59% respectively.