Jet Airways flies high on the bourses

04 Jul 2014

Jet Airways (India) is currently trading at Rs. 272.65, up by 4.80 points or 1.79% from its previous closing of Rs. 267.85 on the BSE.

The scrip opened at Rs. 269.70 and has touched a high and low of Rs. 278.80 and Rs. 269.05 respectively. So far 438648 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 459.70 on 04-Jul-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. 278.80 and Rs. 246.95 respectively. The current market cap of the company is Rs. 3120.52 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, and Alitalia, Italy’s leading carrier, have expanded their code share partnership offering guests enhanced network connectivity between India and Italy and beyond to several Indian and Italian cities of touristic and business importance. The new code share flights are on sale from July 1, 2014, for travel starting July 5, 2014.

Under the expanded code share agreement, Jet Airways will place its marketing code on the Alitalia operated flights between Abu Dhabi and Rome and beyond to Bologna, Florence, Naples, Turin, Venice and Verona in Italy. Similarly, Alitalia will place its code on Jet Airways flights operated between Abu Dhabi and Delhi, Mumbai and Kochi. Alitalia will also place its code on Jet Airways’ flights beyond Mumbai and Delhi to Amritsar, Bengaluru, Chennai, Kolkata and Udaipur.

In addition to the global accrual and redemption options on each other’s networks, the loyalty programme partnership also ensures that Jet Privilege and MilleMiglia members will earn status miles when travelling on these code share flights, thus enabling them to upgrade to high tier levels faster.

Related Jet Airways (India) Ltd. Links:

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Puchho Befikar
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