Jet Airways (India) Ltd (JET.BO)
|Market Cap (Mil.):||Rs28,734.46|
|Shares Outstanding (Mil.):||113.60|
NEW DELHI - Jet Airways Ltd laid out a three-year restructuring plan on Tuesday vowing to take tough measures to return India's No. 2 airline by market share to profit after posting its worst ever loss.
* Abu Dhabi's Etihad owns 24 percent stake (Adds company, analyst comment)
* BSE index gains 0.03 pct; NSE ends 0.16 pct higher * Jet Airways shares slump after record quarterly loss * Shipping Corp of India surges after swinging to profit By Abhishek Vishnoi MUMBAI, May 28 - Indian shares edged up on Wednesday as cement stocks such as UltraTech Cement rose on value buying, but broader gains were capped as foreign investors turned modest sellers while caution also prevails ahead of the expiry of May derivatives. Overseas investors sold s
MUMBAI - Shares in Jet Airways (India) Ltd, part-owned by Abu Dhabi's Etihad, are trading 8.7 percent lower on Wednesday after the carrier posted a record quarterly loss partly as a result of higher jet fuel expenses and a one-time charge on a unit.
MUMBAI, May 28 - Shares in Jet Airways (India) Ltd , part-owned by Abu Dhabi's Etihad, fell 10 percent on Wednesday in pre-open trading after the carrier posted a record quarterly loss partly as a result of higher jet fuel expenses and a one-time charge on a unit.
NEW DELHI - Jet Airways (India) Ltd, part-owned by Abu Dhabi's Etihad, said on Tuesday it would be taking "tough" measures to reshape the airline and return to profitability, after reporting a record quarterly loss.
* Q4 standalone net loss at 21.54 bln rupees, fifth straight qtrly loss
* Says approved details of 3-year business plan to reshape the airline and return to profitability
NEW DELHI, May 27 - Jet Airways, India's No.2 carrier by domestic market share, reported its biggest-ever quarterly loss as higher fuel costs and taxes weigh on Indian airlines and high competition limits fare increases.
MUMBAI - The market regulator said Etihad Airways' purchase of a 24 percent stake in Jet Airways (India) Ltd did not amount to a change in ownership and thereby ruled the Abu Dhabi-based carrier does not need to conduct a tender offer for shares in the domestic carrier.