Jet Airways flies higher on long-term training contract with CAE

17 Sep 2014

Jet Airways (India) is currently trading at Rs. 225.35, up by 0.75 points or 0.33 % from its previous closing of Rs. 224.60 on the BSE.

The scrip opened at Rs. 225.50 and has touched a high and low of Rs. 229.70 and Rs. 222.20 respectively. So far 37192 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. 239.55 and Rs. 221.00 respectively. The current market cap of the company is Rs. 2557.65 crore.

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

Jet Airways, India’s premier international airline, and CAE, a global leader in simulation and training solutions for civil aviation, have signed a training centre operations services contract and that Jet Airways pilots have already started to train at CAE’s integrated training centre in Bengaluru.

Under the terms of the agreement, CAE has relocated Jet Airways’ CAE-built simulators from the airline’s training centre in Mumbai to CAE’s training centre in Bengaluru. Jet Airways’ simulators, which include two B737 full-flight simulators (FFS) and one B777 FFS, are now fully operational and certified by India’s Directorate General of Civil Aviation (DGCA).

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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