Jet Airways surges on the buzz of planning to sell 6 Boeing 777 aircrafts

14 Nov 2018

Jet Airways (India) is currently trading at Rs. 260.80, up by 6.15 points or 2.42% from its previous closing of Rs. 254.65 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 263.95 and Rs. 258.50 respectively. So far 451301 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 883.65 on 05-Jan-2018 and a 52 week low of Rs. 163.00 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 267.45 and Rs. 228.00 respectively. The current market cap of the company is Rs. 2962.62 crore.

The promoters holding in the company stood at 51.00%, while Institutions and Non-Institutions held 9.51% and 39.49% respectively.

Jet Airways (India) is reportedly planning to sell its 6 Boeing 777 aircrafts in order to clear most of its aircraft related debt. The company will sell the aircrafts to lessors under sale and leaseback and use the money to pay most of the debt. 

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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