Jet Airways flies high on plan to launch daily direct Pune-Abu Dhabi flight

23 Mar 2015

Jet Airways (India) is currently trading at Rs. 464.50, up by 10.95 points or 2.41% from its previous closing of Rs. 453.55 on the BSE.

The scrip opened at Rs. 457.20 and has touched a high and low of Rs. 469.15 and Rs. 455.20 respectively. So far 142273 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. 507.95 and Rs. 448.10 respectively. The current market cap of the company is Rs. 5318.63 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 a new daily direct international flight linking Pune with Abu Dhabi and beyond, as well as adding three new additional daily flights from Pune to Mumbai, Delhi and Chennai. The new schedules are effective from March 29, 2015.

Further, the airline currently operates a daily flight each from Delhi, Kochi, Chennai, Bengaluru, Hyderabad, Lucknow, Goa and 14 flights a week from Mumbai to Abu Dhabi. The airline will deploy Boeing 737-800 Next Generation (NG) aircraft with a capacity of 12 seats in Premiere class and 156 seats in Economy class on this route.

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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