Jet Airways jumps on extending codeshare with Virgin Atlantic to cover US markets

18 Apr 2017

Jet Airways (India) is currently trading at Rs. 501.50, up by 5.35 points or 1.08% from its previous closing of Rs. 496.15 on the BSE.

The scrip opened at Rs. 499.90 and has touched a high and low of Rs. 503.40 and Rs. 498.15 respectively. So far 36342 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. 514.70 and Rs. 487.60 respectively. The current market cap of the company is Rs. 5702.02 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 13.17% and 35.83% respectively.

Jet Airways and Virgin Atlantic have expanded their codeshare agreement between India and the US by enhanced connectivity via London. The new agreement will make it even easier for guests to tailor their travel by combining flights from Jet, Virgin Atlantic and Delta Airlines. The new codeshare will come into play from April 19, and accordingly, flayers travelling between India and the US can connect through London Heathrow on to nine US destinations operated by Virgin Atlantic. The new routes are Atlanta, Boston, Newark, Washington, NYC, Los Angeles, Miami, San Francisco and Seattle.

In October 2016, Jet and Delta entered into a codeshare between India and US over London, where Delta guests flying between North America and India can connect on Jet flights to 20 Indian cities and 18 US cities, including Atlanta, Boston, Detroit, New York-JFK, Austin, Las Vegas and Tampa.

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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