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Jet Airways gains on plan to lease 6-8 single aisle aircraft this fiscal

01 Jun 2017 Evaluate

Jet Airways is currently trading at Rs. 478.65, up by 0.70 points or 0.15% from its previous closing of Rs. 477.95 on the BSE.

The scrip opened at Rs. 488.75 and has touched a high and low of Rs. 488.75 and Rs. 473.05 respectively. So far 84,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 626.70 on 01-Aug-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. 491.65 and Rs. 436.00 respectively. The current market cap of the company is Rs. 5,436.00 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 plans to lease 6-8 single aisle aircraft in the fleet this fiscal. The airline has already leased one B-737NG of these planes this fiscal and the rest will be inducted in the fleet by March next year. The airline currently has 103 aircraft in the fleet, with 69 of them B-737s.

Jet Airways is India’s premier international airline, which operates flights to 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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