Jet Airways flies higher on launching direct flight between Mumbai-Paris

15 May 2014

Jet Airways (India) is currently trading at Rs. 247.85, up by 2.95 points or 1.20 % from its previous closing of Rs. 244.90 on the BSE.

The scrip opened at Rs. 247.00 and has touched a high and low of Rs. 249.75 and Rs. 246.35 respectively. So far 54826 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 598.40 on 21-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. 250.50 and Rs. 230.75 respectively. The current market cap of the company is Rs. 2782.00 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 has launched a direct flight between Mumbai-Paris, its third destination in Europe. The airline will operate an A330-200 plane on the route four times a week. Moreover, the airline will fly daily on the Mumbai-Paris route from June 26.

Further, the company has signed a reciprocal code share with Air France for Mumbai-Paris route and 23 cities in Europe.

Recently, the company introduced all inclusive JetEscapes holiday packages for guests seeking a vacation in France. These all inclusive offers start at Rs 80,660 per person and are designed to provide guests with an enchanting travel experience.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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