The new owner is in a hurry to take the airline airborne with 25 aircrafts
Murari Lal Jalan of the Jalan-Kalrock consortium told PTI that they expect to restart the defunct airline s operations in four to six months after receiving approval from the National Company Law Tribunal (NCLT) for its resolution plan.
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Earlier in December last year, Jalan said that it plans to operationalise Jet Airways by the summer of 2021, subject to certain conditions.
The NCLT likely to take a final call on the airline s resolution plan, the winning consortium s lead member Murari Lala Jalan told that everything is on track as far as the revival efforts for the carrier are concerned. Stressing that he is very positive about the Indian aviation sector, the new owner of Jet Airways said that initially, the airline would resume flying with around 25 aircraft.
Why Jet Airways share hit lower circuit of 5% today
Market capitalisation of the airline stood at Rs 1,187.09 crore. The stock has touched a 52-week high of Rs 165 and a 52-week low of Rs 13
BusinessToday.In | February 16, 2021 | Updated 14:58 IST
Jet Airways stock trades higher than 20, 100 and 200-day but lower than 50, 5-day moving averages
Jet Airways shares fell to a lower circuit of 5% in Tuesday s early trade after the cash-strapped domestic carrier reported a standalone loss of Rs 2,841.45 crore for the year ended March 2020.
Jet Airways stock price opened with a loss of 5% to an intraday low of Rs 104.50 on BSE as against the last close of Rs 110. The stock has fallen 9.7% in the last 2 days.