Jet Airways flies high on plan to launch freighter operations in April

18 Mar 2015

Jet Airways (India) is currently trading at Rs. 489.10, up by 10.20 points or 2.13% from its previous closing of Rs. 478.90 on the BSE.

The scrip opened at Rs. 483.00 and has touched a high and low of Rs. 493.00 and Rs. 477.85 respectively. So far 144235 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 543.50 on 02-Feb-2015 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. 493.00 and Rs. 412.50 respectively. The current market cap of the company is Rs. 5440.18 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 14.48% and 34.52% respectively.

Jet Airways is all set to launch dedicated freighter operations in April. With this, the company will become the first private Indian passenger airline to offer all-cargo services.

The freighter services will be operated using an A330 freighter aircraft wet-leased from Etihad Airways and will have an operating base in New Delhi. The freighter services will operate to a number of international and domestic destinations including Bangalore, Hong Kong, Hanoi and Singapore.

Jet Airways currently operates a fleet of 116 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 76 next generations Boeing 737-700/800/900/900ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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