Spicejet surges over 10%, denies selling parking slots

MUMBAI: Shares of debt-ridden Spicejet surged over 10 per cent in intraday trade following reports that gulf carrier Qatar Airways is likely to invest in the company by purchasing its parking slots overseas.

The airline had earlier this week said it was in "advanced stage of discussions" with an overseas entity for capital infusion. However, SpiceJet has denied the reports.

According to reports, Qatar Airways had shown interest in some of SpiceJet's overseas slots as part of its strategy to enter the country's aviation market.