Ministry of Finance has decided to waive a mandatory customs requirement, which needs Jet Airways' grounded planes in India to be first be sent to the country of registration of their lessors and then fly them back to India before they can be used by other carriers.

The Air India chairman had written to SBI chief Wednesday expressing interest in taking on lease five of the Boeing 777s from Jet and deploy them in key international routes

An Air India spokesperson said that the airline had advertised for recruiting 400 cabin crew staff of which 150 were employed with Jet Airways.

SpiceJet Chairman & MD Ajay Singh said Thursday that SpiceJet will induct six more Boeing 737-800 NG aircraft on dry lease in addition to 16 Boeing 737 planes and five 90-seater Bombardier Q400 planes.

Shares of SpiceJet and InterGlobe Aviation continued gaining streak on Wednesday and stocks touched their 52-week high after rival Jet Airways announced that they would temporarily suspend all its international and domestic flights operations.

Jet Airways shares declined as much as 30.28 per cent and touched an intra-day low of Rs 166.20 against the previous close level of Rs 241.85 on the BSE

Share Market Update: RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, were the major gainers in the indices, while Jet Airways, Infosys, TCS and Hindalco were among top laggards.

The 90-seater Bombardier A400 is part of SpiceJet's second purchase order for up to 50 Q400 turboprops placed in September 2017 worth $1.7 billion.

Shares of SpiceJet surged 8 percent on Monday after the company announced that it will connect Mumbai to a host of international destinations with direct non-stop flights.

Shares of SpiceJet surged over 9 per cent intraday on Friday as the budget Indian airline announced the induction of 16 Boeing 737-800 NG aircraft over the next 10 days.

In FY19, sales are expected to grow by 24 per cent, while earnings before interest, tax, depreciation and amortisation (EBITDA) by 15 per cent and the bottom line numbers are expected to grow by 11 per cent.

Etihad, which had previously asked SBI to purchase its entire 24% stake in Jet Airways, submitted its expression of interest (EoI) on Thursday, a day after the SBI-led consortium extended the deadline for initial bid submission to April 12.