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Jet Airways jumps on expanding code-sharing agreement with Etihad Airways

Jet Airways (India) Ltd. | Airlines | Travel & Hospitality | BSE: 532617 | NSE: JETAIRWAYS

12 Dec 2012 Evaluate

Jet Airways is currently trading at Rs. 551.00, up by 13.40 points or 2.49% from its previous closing of Rs. 537.60 on the BSE.

The scrip opened at Rs. 545.00 and has touched a high and low of Rs. 552.95 and Rs. 540.45 respectively. So far 1,65,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 598.80 on 26-Nov-2012 and a 52 week low of Rs. 167.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 552.95 and Rs. 510.40 respectively. The current market cap of the company is Rs. 4,757.00 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 11.12% and 8.88% respectively.

Jet Airways has expanded its code-share agreement with Etihad Airways for the Abu Dhabi-Paris route whereby as a part of the arrangement, Jet Airways will place its code on Etihad’s flight operating out of Abu Dhabi to Paris’ Charles de-Gaulle airport with effect from December 10, 2012.

In addition to the above, the airline’s JetPrivilege members, the carrier's customer loyalty programme, will earn JPMiles for their entire journey when they fly on Jet Airways codeshare flights from India to Paris.

Further, the two carriers have already entered into a code-share agreement for Abu Dhabi-Mumbai/Delhi routes operated by Jet Airways, and the flights originating from Abu Dhabi for Mumbai, Delhi, Cochin, Thiruvananthapuram, Kozhikode, Chennai and Hyderabad operated by Etihad.

Code-sharing allows an airline to book its passengers on its partner carriers and provide seamless transport to multiple destinations where it has no presence.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)

07-Nov-2024 00:00 View Price Chart

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Jet Airways jumps on expanding code-sharing agreement with Etihad Airways

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