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Jet Airways rises on confirming order for 75 Boeing 737 Max aircraft

10 Nov 2015

Jet Airways is currently trading at Rs. 451.40, up by 11.05 points or 2.51% from its previous closing of Rs. 440.35 on the BSE.

The scrip opened at Rs. 444.00 and has touched a high and low of Rs. 453.80 and Rs. 444.00 respectively. So far 260551 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. 240.75 on 25-Nov-2014.

Last one week high and low of the scrip stood at Rs. 470.30 and Rs. 390.00 respectively. The current market cap of the company is Rs. 5002.26 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 14.09% and 34.91% respectively.

Jet Airways, India’s premier international airline, has confirmed its largest-ever fleet order for 75 Boeing 737 Max aircraft at the Dubai Airshow. The order includes options and purchase rights for an additional 50 aircraft. The 737 Max incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver greater efficiency, reliability and passenger comfort.

The new aircraft will support Jet Airways’ replacement strategy and ensure it maintains a modern, environmentally friendly fleet. Jet Airways currently has a fleet of 115 aircraft. The transaction will be completely financed and managed through a sale and leaseback arrangement when Jet Airways takes delivery of the aircraft from 2018.

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.

Related Jet Airways (India) Ltd. Links:

Jet Airways (I) Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323