Jet Airways gains on introducing fifth daily service between Mumbai and Dubai

19 Sep 2014

Jet Airways is currently trading at Rs. 226.30, up by 0.80 points or 0.35% from its previous closing of Rs. 225.50 on the BSE.

The scrip opened at Rs. 229.05 and has touched a high and low of Rs. 233.05 and Rs. 225.00 respectively. So far 62,000 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. 220.25 respectively. The current market cap of the company is Rs. 2570.00 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, has enhanced its connectivity with the United Arab Emirates, through the introduction of a fifth daily service between the two financial hubs of Mumbai and Dubai. This is the fifth daily frequency being introduced between the two cities and is expected to provide guests with the convenience of an additional service.

The new service will complement the four flights already being operated by Jet Airways on the high demand Mumbai-Dubai route and the airline plans to commence operations effective October 14, 2014. The airline will deploy its next - generation Boeing 737-800 aircraft, offering twin class configuration of Premiere and Economy class.

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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