Jet Airways and SpiceJet shares gained on Monday on reports that the government plans to abolish the 5/20 rule which acts as a deterrent for the private airlines to fly internationally.

Shares of Jet Airways (India), gained Rs 17.05, or 3.78%, to trade at Rs 468. The total volume of shares traded was 303,893 at the BSE (10.58 a.m., Monday).

Shares of Spicejet gained Rs 0.4, or 1.78%, to trade at Rs 22.90. The total volume of shares traded was 1,951,033 at the BSE (10.57 a.m., Monday).