Jet Airways rises on enhancing global connectivity with additional frequencies

05 Nov 2014

Jet Airways (India) is currently trading at Rs 248.00, up by 7.55 points or 3.14% from its previous closing of Rs 240.45 on the BSE.

The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 253.10 and Rs. 242.55 respectively. So far 347751 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 357.50 on 06-Nov-2013 and a 52 week low of Rs. 203.50 on 26-Sep-2014.

Last one week high and low of the scrip stood at Rs. 247.00 and Rs. 230.10 respectively. The current market cap of the company is Rs. 2813.24 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 9.05% and 39.95% respectively.

Jet Airways, India’s premier international airline, has significantly enhanced its global connectivity with the introduction of additional frequencies from Mumbai to Far East and the gulf region. These additional frequencies being introduced from Mumbai to Doha, to Colombo and to Bangkok will provide guests with the convenience of an additional service. The addition of a second frequency from Mumbai to Doha, Qatar’s economic centre will further strengthen the airlines growing international network and significantly enhance flight connectivity in the Gulf region.

With these new enhanced flights, Jet Airways will achieve the landmark milestone of becoming India’s first private airline to operate over 40 daily flights to multiple destinations in the Gulf. This includes daily departures to Abu Dhabi, Bahrain, Dubai, Doha, Kuwait, Sharjah, Muscat, Jeddah, Dammam and Riyadh, thus, making the airline the largest operator between India and the Gulf.

In addition, Jet Airways has introduced a third daily direct service from its international gateway in Mumbai to Bangkok. The new afternoon service will provide seamless connectivity to guests from the airlines domestic network. This would make Jet Airways’ the only Indian carrier to operate three flights a day from Mumbai to Bangkok’s International Suvarnabhumi Airport as well as providing on ward connections to Ho Chi Minh from Bangkok.

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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