Jet Airways jumps on plans to tie up with two global airline alliances

12 Jun 2012 Evaluate

Jet Airways is currently trading at Rs. 365.95, up by 10.10 points or 2.84% from its previous closing of Rs. 355.85 on the BSE.

The scrip opened at Rs. 356.00 and has touched a high and low of Rs. 367.00 and Rs. 353.15 respectively. So far 247046 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 517.50 on 19-Jul-2011 and a 52 week low of Rs. 167.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 378.00 and Rs. 317.65 respectively. The current market cap of the company is Rs. 3157.67 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 13.64% and 6.36% respectively. 

Jet Airways, India’s premier international airline is in discussion with two global airline alliances that is Star Alliance and Skyteam. The airline has not yet started any process of joining a global alliance. Star Alliance includes Air Canada, Air China, ANA, Lufthansa and Singapore Airlines and operates 20,500 daily flights to 1,200 airports. In comparison, Skyteam has Aeroflot, Air France, China Eastern, Delta Airlines and KLM among others, and operates 14,700 daily flights to 958 destinations.

The airline is looking for starting its operations to Munich, Frankfurt and Paris and is planning to expand its international operations to destinations that are economically viable. Currently, the airline operates flights to Brussels, Milan and London, in Europe.

Jet Airways currently operates a fleet of 101 aircraft, which includes 10 Boeing 777-300 ER aircraft, 12 Airbus A330-200 aircraft, 59 next generation Boeing 737-700/800/900 aircraft and 20 modern ATR 72-500 turboprop aircraft. With an average fleet age of 5.81 years, the airline has one of the youngest aircraft fleets in the world. Jet Airways and Jet Konnect have a combined fleet strength of 121 aircraft and operate over 620 flights daily.

Jet Airways (I) Share Price

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