Jet Airways’s stock price has lost more than 50% of its value within two months.
According to Money Control, Jet Airways’s stock price now trades at Rs 117 on the BSE. The stock slipped by 6% today as news emerged that the government is investigating the troubled airline, making any revival plan unlikely. The future of Jet Airways is very unclear at this stage.
The current stock price of Jet Airways is the lowest level it has ever fallen to since March 2009.
This week is particularly important for the future of Jet Airways. The lenders of Jet Airways are supposed to get back to shareholders Etihad Airways and Hinduja on the next steps. Both shareholders expect lenders to agree on a significant debt haircut, while they have stated that they would prefer to be minority shareholders.
The failure of Jet Airways was recently deemed a “wake-up call” for the Indian aviation industry by SpiceJet’s CEO.
Based in Barcelona when she’s not traveling, Jen is a travel blogger and photographer. She loves inspiring people to travel and discover the world. An ex-flight attendant, Jen has expertise in the airline industry.
