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InterGlobe Aviation gains after signing codeshare agreement

December 24, 2018 / Business Standard

InterGlobe Aviation rose 0.57% to Rs 1,160.05 at 09:28 IST on BSE after the company signed a codeshare and mutual cooperation agreement with Turkish Airlines. The announcement was made after market hours on Friday, 21 December 2018. Meanwhile, the S&P BSE Sensex was up 74.64 points, or 0.21% to 35,816.71On the BSE, 2,631 shares were traded in the counter so far compared with average daily volumes of 58,000 shares in the past two weeks. The stock had hit a high of Rs 1165 and a low of Rs 1150 so far during the day.IndiGo and Istanbul-based Turkish Airlines, a member of Star Alliance, announced a codeshare and mutual cooperation agreement. The signed codeshare and mutual cooperation agreement between the two carriers, the effectiveness of which is subject to receipt by IndiGo and Turkish Airlines of all necessary board and regulatory approvals, will enable both carriers to provide more flexibility of choice to their respective customers to fly on sectors between India, Istanbul and b...