Jet Airways jumps on extending code share agreement with Air France

02 Apr 2014

Jet Airways is currently trading at Rs. 276.80, up by 32.50 points or 13.30% from its previous closing of Rs. 244.30 on the BSE.

The scrip opened at Rs. 247.90 and has touched a high and low of Rs. 285.40 and Rs. 245.60 respectively. So far 1863426 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. 210.25 on 05-Feb-2014.

Last one week high and low of the scrip stood at Rs. 251.85 and Rs. 221.00 respectively. The current market cap of the company is Rs. 3022.83 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 10.50% and 38.50% respectively.

Private carrier Jet Airways has extended its code share agreement with Air France signed last June. This will facilitate passengers of both airlines seamless travel across destinations. The expanded pact provides for enhanced network connectivity to passengers to 12 major cities across Europe and the United Kingdom.

Following the expanded pact, Jet Airways’ passengers will now have seamless connectivity to Nice, Lyon, Marseille and Toulouse in France, Barcelona and Madrid in Spain, Hamburg in Germany, Prague in the Czech Republic, Dublin in Ireland and Birmingham, Manchester and Newcastle in the UK.

Jet Airways currently operates a fleet of 113 aircraft, which include 10 Boeing 777-300 ER aircraft, 8 Airbus A330-200 aircraft, 4 Airbus A330-300 aircraft, 73 next generations Boeing 737-700/800/900/900 ER aircraft and 15 ATR 72-500 and 3 ATR72-600.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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