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Aviation stocks surge as govt allows airlines to increase capacity

Shares of InterGlobe Aviation and SpiceJet surged over 4 percent on Thursday after the government allowed airlines to operate with 60 percent capacity in the domestic segment.

The domestic flight operations were allowed to resume from May 25 after a two-month shutdown and airlines were asked to operate with one-third capacity. Gradually, the government allowed airlines to operate with 45 percent capacity and now it has been extended to 60 percent with immediate effect.