Jet Airways flies high on the bourses

04 Mar 2016

Jet Airways (India) is currently trading at Rs. 534.25, up by 16.70 points or 3.23% from its previous closing of Rs. 517.55 on the BSE.

The scrip opened at Rs. 517.60 and has touched a high and low of Rs. 540.95 and Rs. 511.70 respectively. So far 202394 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. 540.95 and Rs. 476.80 respectively. The current market cap of the company is Rs. 5879.23 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, will relocate its domestic operations to the state-of-the-art Terminal 2 (T2) at Mumbai’s Chhatrapati Shivaji International Airport (CSIA) in Sahar on March 15, 2016. Spread across 4.4 million square feet, the integrated Terminal 2 has 60 departure check-in counters and 80 arrival immigration counters capable of handling 40 million passengers annually. Terminal 2 is also well connected to the island city by public transport which includes the Mumbai Suburban Railway, Mumbai Metro Rail, Public Transport Buses, Taxis and Auto rickshaws.

Jet Airways' migration of domestic operations to T2 will lead to the integration of domestic and international flight operations in one terminal, resulting in a significantly enhanced, seamless and hassle free transfer experience for guests. Flight 9W 484 from Mumbai to Kolkata departing at 02:25 hrs will be the first Jet Airways domestic flight to operate from T2 on March 15, 2016. The first arriving flight will be 9W 628 at 00:10 hrs from Kolkata.

The relocation of domestic operations to T2 is part of Jet Airways' strategic commitment to develop Indian airports as hubs, providing guests greater connectivity on its domestic and international networks. Jet Airways operates over 135 daily flights out of Mumbai to destinations in India and around the world. The move to Terminal 2 will significantly improve operational efficiencies, by allowing Jet Airways to transition a greater number of domestic flyers onto its international network and vice-versa.

Guests will now be able to transfer from domestic to international flights within 75 minutes compared to an hour and 45 minutes currently, while international to domestic transfers will take just 90 minutes compared to two hours currently.


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