While on one hand, Jet Airways is the second top loser on the BSE, going down 6.5% to Rs.213.95, Spicejet is the second top gainer, going up over 7% to Rs.84.45.

Jet Airways is down as its woes continue. Yesterday, Etihad Airways said that it has offered to sell its 24% stake in the company to SBI. To make matters worse, even the pilots, who have not been paid salaries threatened that they will stop flying from 1^st of April if Jet Airways does not come up with a rescue plan by 31^st March.  The airline grounded additional six aircraft due to non-payment of amounts outstanding.

On the other hand, Spicejet is flying high as it has now become a member of the global airlines’ grouping IATA. It has earned itself the distinction of becoming the first low-cost airline to get this membership. Becoming an IATA member helps fuel the company’s expansion plans as it can now have codeshares and agreements with other carriers.