Jet Airways flies high on entering into reciprocal code-share pact with Vietnam Airlines

06 Aug 2014

Jet Airways (India) is currently trading at Rs. 253.30, up by 2.50 points or 1.00% from its previous closing of Rs. 250.80 on the BSE.

The scrip opened at Rs. 249.40 and has touched a high and low of Rs. 254.20 and Rs. 249.20 respectively. So far 35046 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 414.70 on 04-Oct-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. 253.80 and Rs. 243.10 respectively. The current market cap of the company is Rs. 2849.02 crore.

The promoters holding in the company stood at 51.00 % while Institutions and Non-Institutions held 7.85 % and 41.15 % respectively.

In order to enable passengers of the two airlines seamless travel between the two countries, Jet Airways, India’s premier international airline, has entered into a reciprocal code-share pact with Vietnam’s national carrier, Vietnam Airlines. The flights are on sale from August 1, 2014.

Under the codeshare arrangement, Jet Airways will place its marketing code on Vietnam Airlines’ flights from Bangkok and Singapore to Ho Chi Minh City and Hanoi. In turn, Vietnam Airlines will place its marketing code on Jet Airways’ services between Bangkok and Mumbai/Delhi, Singapore and Mumbai/Delhi, and Singapore and Chennai.

Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless transport to multiple destinations where it has no presence.

Jet Airways currently operates a fleet of 113 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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