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Your email address will not be published.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
qatar airways movie

Qatar Airways to launch a Hollywood-inspired movie

Qatar Airways is starting the year with the release of its “biggest…
Jet Airways

What is the Future for Jet Airways?

The Jet Airways crisis is having a massive impact on passengers with…

US Airlines Fail to Benefit from China Travel Increase

Chinese air travel is at an all time high. It’s a huge…
Ryan Air cancer refund

No Ryanair Refund for Manchester Cancer Patient

Father, John Bigland was diagnosed with rectal cancer back in December 2015.…