Jet Airways moves up on the bourses

Jet Airways is currently trading at Rs 244.80, up by 1.65 points or 0.68% from its previous closing of Rs 243.15 on the BSE.

The scrip opened at Rs 248.00 and has touched a high and low of Rs 248.00 and Rs 235.80 respectively. So far 119702 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 921.20 on 19-Nov-2010 and a 52 week low of Rs 221.70 on 04-Oct-2011.

Last one week high and low of the scrip stood at Rs 267.75 and Rs 227.00 respectively. The current market cap of the company is Rs 2099.21 crore.

The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 12.44% and 7.55% respectively.

Jet Airways, India’s premier international airline, has achieved a major milestone - the induction of the 100th aircraft into its fleet. The airline accepted a brand new, Next Generation Boeing 737- 800 with sky interiors in Seattle on November 15, 2011. The 100th aircraft will be the third all new Boeing 737-800 configured with 8 premiere and 162 economy seats, and will commence commercial operations from December 05, 2011. The airline post the acquisition of its 100th aircraft, will fly to 76 destinations, including 24 international destinations making it one of the fastest growing airlines in the world.

New improved passenger service units and a significantly quieter cabin will add to the comfort of the guests. Another feature that will most definitely be appreciated by guests is the new pivot bins, which afford greater overhead bin capacity for storage. The new Boeing 737 - 800 aircraft also possess superior on board, sound quality and clarity through new speakers that have been improved in each passenger row. The all new Sky Interiors with curved cabin architecture further provide a feeling of openness and space.

The all new Boeing 737-800 will also be replete with bright new colors and decor of the aircraft with modern, sculpted sidewalls and larger windows, combined with the effect of the light-emitting diode (LED) lighting significantly enhancing the sense of spaciousness in the cabin. Besides, the LED lighting can portray different color schemes like a soft blue sky and a relaxing pallet of sunset colors, while providing for maximum efficiency and lower maintenance costs.

Importantly, Jet Airways had set about its mission of becoming the preferred airline for its guests in India as early as 1993 by flying the most modern generation, fuel-efficient Boeing 737-300 aircraft in Indian skies.

In December 1996, Jet Airways signed a purchase agreement with the manufacturer for the acquisition of 10 Boeing 737-400/800 aircraft, thus becoming the country’s first private airline to acquire its own fleet of new aircraft.

Jet Airways was the first airline in Asia to fly the Next Generation Boeing 737-800, barely seven months post the commercial induction of such aircraft in the United States. The airline was also the second airline in Asia to induct the Boeing 737-900 aircraft, besides being the second airline in the world to operate Next Generation B737-700/800/900 aircraft. Later on in 2007, Jet Airways embarked on the first phase of international expansion with the induction of wide-bodied Airbus 330-200 aircraft in 2006 and Boeing 777-300ER aircraft in 2007.