Thursday, March 12, 2020

IndiGo, Spicejet tank up to 19% on travel curbs

Shares of aviation majors including InterGlobe Aviation and Spicejet tanked up to 19 per cent after the government on Wednesday imposed stringent travel curbs to the country as the World Health Organization (WHO) declared the Covid-19 outbreak a pandemic.
The government late on Wednesday suspended “all existing visas, except diplomatic, official, UN/international organisations, employment, project visas” until April 15.
There are more than 1,18,000 confirmed cases of coronavirus and 4,291 deaths in 114 countries. India’s count of infected people is 62 with no confirmed deaths so far from the disease.
The visa-free travel facility for Overseas Indian Card (OIC) holders has been suspended until the same date. The curbs go into effect at 1200 GMT on March 13 at the port of departure.
12/03/20 Times

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