Jet Airways flies high on plan to expand its operations to Dubai

19 Feb 2016

Jet Airways (India) is currently trading at Rs. 554.45, up by 12.25 points or 2.26% from its previous closing of Rs. 542.20 on the BSE.

The scrip opened at Rs. 558.90 and has touched a high and low of Rs. 566.90 and Rs. 554.00 respectively. So far 146506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 796.00 on 13-Jan-2016 and a 52 week low of Rs. 248.50 on 16-Jun-2015.

Last one week high and low of the scrip stood at Rs. 575.50 and Rs. 489.75 respectively. The current market cap of the company is Rs. 6159.25 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 37.95% and 11.05% respectively.

Jet Airways, India’s premier international airline, is set to expand its operations to Dubai with the launch of new frequencies from its hubs in Mumbai and Delhi. With effect from March 1, 2016, Jet Airways will launch a sixth daily frequency from Mumbai to Dubai. With the introduction of this new flight, Jet Airways will offer the maximum number of daily flights between the two cities.

Jet Airways will also launch a third daily frequency between Delhi and Dubai, starting March 27, 2016 offering guests a greater choice when travelling between India’s national capital and the Emirate. With the launch of the new frequencies, Jet Airways will operate a total of 11 daily flights between India and Dubai. This includes flights from Kochi and Mangalore.

Jet Airways is India’s premier international airline operating flights to 73 destinations, including 51 in India and 22 across the world. Jet Airways’ robust domestic network in India spans the length and breadth of the country covering metro cities, state capitals and emerging destinations. Beyond India, Jet Airways operates flights to key international destinations in South East Asia, South Asia, Middle East, Europe and North America.

 

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