Rare Enterprises has bought 11.95 lakh shares of Jet Airways through open market route. The shares were purchased on an average price of Rs 422.76 valuing the transaction to Rs 50.52 crore.
Jet Airways currently operates a fleet of 116 aircraft, which include a mix of state-of-the-art Boeing 777-300 ERs/Airbus A330-200/300 aircraft, Next Generation Boeing 737s and ATR 72-500/600s, and has one of the youngest fleet in the region with an average of 6.01 years.
