Jet Airways inches up on inking pact with Dubai-based Dnata

10 Apr 2013

Jet Airways is currently trading at Rs. 498.00, up by 0.55 points or 0.11% from its previous closing of Rs. 497.45 on the BSE.

The scrip opened at Rs. 498.05 and has touched a high and low of Rs. 508.45 and Rs. 492.00 respectively. So far 2, 74,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 688.30 on 28-Jan-2013 and a 52 week low of Rs. 275.10 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 547.80 and Rs. 490.70 respectively. The current market cap of the company is Rs. 4,299 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 11.53% and 8.47% respectively.

Jet Airways, country's private air carrier has inked a pact with the Dubai-based Dnata, in order to provide visa services to the UAE-bound travelers from the country. This alliance will help the travelers travelling from India to Abu Dhabi, Dubai and Sharjah with the option to individually secure their visa prior to departure. Dnata will help their guests through the visa process, collect all the necessary documents and submit the visa applications to the UAE government on behalf of the traveller.

As per the agreement, the Dnata will also be responsible for offering welcome bookings services, by offering a wide variety of meet and greet services at the Dubai airport including assistance at the baggage belt area and airport formalities for fast track immigration clearance and access to Marhaba lounges.

Dnata is known as the largest suppliers of combined air services, offering ground handling, cargo, travel and flight catering services to a host of countries.

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