Jet Airways gains on tying-up for code share flights with Fiji Airways

07 Mar 2017

Jet Airways is currently trading at Rs. 441.35, up by 4.05 points or 0.93% from its previous closing of Rs. 437.30 on the BSE.

The scrip opened at Rs. 438.10 and has touched a high and low of Rs. 442.50 and Rs. 438.10 respectively. So far 7,813 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 670.25 on 17-May-2016 and a 52 week low of Rs. 332.40 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 454.00 and Rs. 413.95 respectively. The current market cap of the company is Rs. 5,013.00 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 36.13% and 12.87% respectively.

Jet Airways has tied-up with Fiji Airways to provide seamless air connectivity between India and Fiji through Singapore and Hong Kong with code share flights. Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence.

As part of the pact, which is effective from March 8, the passengers of Jet Airways will be allowed to travel Nadi in the pacific nation, using Fiji Airways network. Similarly, the passengers of Fiji Airways will be allowed to travel to Mumbai, Delhi and Chennai on Jet Airways flight to these places from Singapore. The Jet Airways flight from Hong Kong to Mumbai and Delhi will also be operated as code-share flight.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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