SpiceJet shares crash over 8% as flight operations grounded

Shares of SpiceJet fell sharply by over 8 per cent as flight operations of the cash-strapped company were grounded on Wednesday on payment woes. 

Following this, SpiceJet's scrip tumbled 8.27 per cent to Rs 12.75 at the BSE.

"Not even a single flight has taken off till this morning due to fuel supply issue with the oil companies," sources told PTI.

The state-run oil marketing firms have not yet taken a decision on the resumption of jet fuel supply to SpiceJet on a two-week credit facility, they said.