Jet gains on plan to start direct daily services from Kozhikode to Dammam

Jet Airways is currently trading at Rs. 234.40, up by 2.40 points or 1.03% from its previous closing of Rs. 232.00 on the BSE.

The scrip opened at Rs. 233.50 and has touched a high and low of Rs. 235.75 and Rs. 232.65 respectively. So far 62897 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 610.40 on 08-May-2013 and a 52 week low of Rs. 210.25 on 05-Feb-2014.

Last one week high and low of the scrip stood at Rs. 255.50 and Rs. 230.70 respectively. The current market cap of the company is Rs. 2668.97 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 9.09% and 39.91% respectively.

Jet Airways, India’s premier international airline, has announced the addition of a daily direct flight from Kozhikode to Dammam in the Kingdom of Saudi Arabia. This new Boeing 737 flight effective June 10, 2014, will further strengthen the airlines growing international network and significantly enhance flight connectivity in the Gulf, especially into Saudi Arabia.

Jet Airways flight 9W 578 will depart Kozhikode at 22:00 hrs and arrive into Dammam at 00:00 hrs (local time). The return flight 9W 577 will depart Dammam at 10:20 (LT) and arrive at Kozhikode at 17:15 hrs. Kozhikode will be the third destination in Kerala after Kochi and Thiruvanathapuram to have a daily direct service to Dammam and in all Jet Airways will now operate eight flights daily from India to the Kingdom of Saudi Arabia, making it the largest Indian operator in the region.

The introduction of this new service to Dammam from Kozhikode, further reinforces Jet Airways’ commitment to the Indian expatriates working in the Gulf in terms of affording them seamless point-to-point connectivity to and from the Gulf. Currently Jet Airways operates daily flights to Abu Dhabi, Dammam, Doha, Muscat and Sharjah from Kochi while Kuwait is connected via Abu Dhabi. Jet Airways also operates a daily flight to Dammam and Muscat from Thiruvananthapuram. With these new enhanced flights, Jet Airways will achieve the landmark milestone of becoming India’s first private airline to operate over 50 daily flights to multiple destinations in the Gulf.

Jet Airways currently operates a fleet of 112 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 72 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.