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. 

Leave a Reply

Your email address will not be published.



Sign up for our free newsletter

Get the latest news and exclusive content directly in your inbox. It's FREE. No spams.

You May Also Like
China Southern Airlines alliance

China Southern Airlines Chooses Independence over Alliance

In November last year, China Southern Airlines announced that it would not…
Qatar Airways Lisbon

Qatar Airways now offers direct flights to Lisbon on a daily basis

Qatar Airways‘s first plane to Lisbon, Portugal landed on June 24, 2019.…

Will There be Single Pilot Passenger Planes in the Future?

At present, all passenger jet aircraft have two pilots on the flight…
Airbus A380, the biggest passenger plane in the world

The 10 biggest passenger planes in the world in 2019

While all aeroplanes are impressive, a magnificent feat of engineering, it’s the…