Jet Airways rises on inking code share agreement with South African Airways

17 Apr 2013

Jet Airways (India) is currently trading at Rs. 505.05, up by 0.25 points or 0.05% from its previous closing of Rs. 504.80 on the BSE.

The scrip opened at Rs. 509.00 and has touched a high and low of Rs. 511.40 and Rs. 502.00 respectively. So far 132933 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. 512.70 and Rs. 470.05 respectively. The current market cap of the company is Rs. 4355.55 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 11.58% and 8.42% respectively.

Jet Airways, India’s premier international airline, has inked a code share agreement with South African Airways (SAA), the national carrier of South Africa and the only airline with non-stop flights between Mumbai and Johannesburg. Under the code share arrangement Jet Airways will code share on South African Airways’ flights between Mumbai and Johannesburg and beyond to Cape Town and Durban. SAA will code share on Jet Airways’ operations between Mumbai, Delhi, Bangalore, Hyderabad, Chennai and Thiruvananthapuram.

The code share opens for sale effective April 16, 2013, for travel effective April 18, 2013. 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.

The agreement will effectively enhance flight choices for customers, whether originating in India or Africa, through seamless and convenient connections and frequent flyer mileage opportunities.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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