Jet Airways gains on plans to introduce daily services to Kuwait and Abu Dhabi from Kochi

14 May 2013

Jet Airways is currently trading at Rs. 580.80, up by 3.45 points or 0.60% from its previous closing of Rs. 577.35 on the BSE.

The scrip opened at Rs. 578.70 and has touched a high and low of Rs. 583.95 and Rs. 576.65 respectively. So far 52961 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 688.60 on 25-Apr-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. 615.20 and Rs. 575.20 respectively. The current market cap of the company is Rs. 5002.19 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, the country’s premier international airline, will introduce daily services from Kochi to Kuwait via Abu Dhabi, effective May 16, 2013. The company presently operates double daily flights between Mumbai and Kuwait. The airline will deploy a state-of-the-art Boeing 737-800 Next Generation (NG) aircraft on this route.

The introduction of the new daily service will further strengthen Jet Airways’ presence in the Gulf, where it has emerged as one of the leading carriers on this sector, catering to the large number of Indians in the Gulf. The new service from the city will complement the airline’s existing daily Gulf operations to Abu Dhabi, Bahrain, Dubai, Doha, Kuwait, Muscat and Sharjah, as well as Jeddah, Riyadh and Dammam, from several cities in India. Jet Airways presently operates over 50 flights between India and the Gulf.

Jet Airways currently operates a fleet of 115 aircraft, which include 10 Boeing 777-300 ER aircraft, 10 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 73 next generation Boeing 737-700/800/900 aircraft, 17 ATR 72-500 and 1 ATR 72-600 turboprop aircraft.

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Jet Airways (I) Share Price

88.35 0.40 (0.45%) May 07, 10:13
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