Jet Airways rises on entering into code share agreements with Delta Airlines, Virgin Atlantic

01 Nov 2016

Jet Airways is currently trading at Rs. 482.65, up by 15.20 points or 3.25% from its previous closing of Rs. 467.45 on the BSE.

The scrip opened at Rs. 482.10 and has touched a high and low of Rs. 490.00 and Rs. 479.75 respectively. So far 56,000 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. 390.00 on 09-Nov-2015.

Last one week high and low of the scrip stood at Rs. 490.00 and Rs. 452.90 respectively. The current market cap of the company is Rs. 5,493.57 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 37.25% and 11.75% respectively.

Jet Airways has entered into a code share agreements with American carrier Delta Airlines and UK-based Virgin Atlantic. This step will help to expand connectivity to 24 new western cities via London Heathrow.

Effective from November 2, Jet customers flying to North America will be able to connect through London Heathrow onto 9 US destinations operated by Delta. The new destinations in the US are Atlanta, Boston, Detroit, Minneapolis, New York, Philadelphia, Portland, Salt Lake City and Seattle.

In turn, Delta and Virgin Atlantic customers flying from North America to India will be able to connect with Delta code share onto Jet to Mumbai and New Delhi through the Heathrow and onward to 20 destinations within India.

Jet Airways is India’s premier international airline which operates flights to 67 destinations, including India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.


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