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India

Jet Airways (India) Ltd (JET.NS)

JET.NS on National Stock Exchange of India

229.45INR
21 Sep 2018
Change (% chg)

Rs-13.70 (-5.63%)
Prev Close
Rs243.15
Open
Rs227.10
Day's High
Rs242.35
Day's Low
Rs223.65
Volume
9,785,371
Avg. Vol
5,933,494
52-wk High
Rs883.45
52-wk Low
Rs223.65

Latest Key Developments (Source: Significant Developments)

Singapore Technologies Engineering's Aerospace Sector Signs Contract With Jet Airways
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Singapore Technologies Engineering Ltd ::AEROSPACE SECTOR SIGNS ADD-ON ENGINE MAINTENANCE AGREEMENT WITH JET AIRWAYS.CONTRACT IS NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON EARNINGS PER SHARE OF ST ENGINEERING FOR CURRENT FY.JET AIRWAYS' AND JETLITE'S ENTIRE FLEET OF 80 737NGS TO BE COVERED; CONTRACT VALUE TOTAL OF ABOUT $700 MILLION.CO TO PROVIDE ENGINE MRO SOLUTIONS, OFF-WING ENGINE MAINTENANCE SUPPORT, ON-WING SERVICES & TECHNICAL SUPPORT.SERVICES WILL BE PROVIDED OVER A PERIOD OF 6 YEARS STARTING FROM 2019.  Full Article

Jet Airways (India) Says Excess Of 20 Bln Rupees Of Cost Reduction Over Next Two Years
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Jet Airways (India) Ltd ::SAYS COST REDUCTION PROGRAMME WILL RESULT IN AN EXCESS OF 20 BILLION RUPEES OF COST REDUCTION OVER NEXT TWO YEARS.JET AIRWAYS (INDIA)-COST REDUCTION PROGRAMME COVERS MAINTENANCE COSTS, SELLING AND DISTRIBUTION COSTS, FUEL RATE AND OPTIMIZATION.JET AIRWAYS (INDIA)-COST REDUCTION PROGRAMME ALSO COVERS DEBT AND INTEREST COST REDUCTION AND ENHANCEMENT OF CREW AND MANPOWER PRODUCTIVITY.JET AIRWAYS (INDIA)- CAPITAL INFUSION AND DEBT REDUCTION TO RESULT IN SIGNIFICANT REDUCTION IN THE INTEREST COST.JET AIRWAYS (INDIA)- CONSIDERED COST CUTTING MEASURES, DEBT REDUCTION, FUNDING OPTIONS, MONETIZATION OF ASSETS INCLUDING CO'S STAKE IN LOYALTY PROGRAMME.  Full Article

Jet Airways To Consider Cost Reduction Initiatives And Turnaround Plan On Aug 27
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Jet Airways (India) Ltd ::BOARD TO TAKE UP MATTERS IN RELATION TO COST REDUCTION INITIATIVES AND TURNAROUND PLAN ON AUG 27.  Full Article

SBI Chairman Expects profit for full-year 2018/19
Friday, 10 Aug 2018 

Aug 10 (Reuters) - State Bank of India Chairman Rajnish Kumar says::EXPECTS TO RECOVER 40 BILLION RUPEES FROM ONE ACCOUNT IN BANKRUPTCY WHEN RESOLVED.IN SEPT QUARTER FURTHER INTEND TO IMPROVE PCR.91 PERCENT OF CORPORATE SLIPPAGES FROM THE WATCH LIST.GOING FORWARD RETAIL SLIPPAGES WILL COME DOWN.LEGACY NPA ACCOUNT PROVISIONS LARGELY TAKEN CARE OF.GROWTH LARGELY COMING FROM RETAIL, BUT HAVE A FAIRLY ROBUST PIPELINE IN CORPORATE LOANS.HAVE EXPOSURE TO JET AIRWAYS, PART OF OUR WATCHLIST.EXPECTS PROFITS IN DEC AND MARCH QUARTERS AND FOR FULL YEAR.  Full Article

Jet Airways (India) Denies Talks of Stake Sale
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Jet Airways (India) Ltd ::JET AIRWAYS (INDIA) CLARIFIES ON NEWS ITEM ON STAKE SALE TALKS AND COST CUTTING.SAYS THE COMPANY DENIES ANY TALKS OF A STAKE SALE."CAN'T FLY BEYOND 60 DAYS.." STATEMENT IS INCORRECT AND MALICIOUS.JET AIRWAYS (INDIA) -BEEN IMPLEMENTING SEVERAL MEASURES TO HELP CO REDUCE COST AS WELL AS REALISE HIGHER REVENUES, FOR DESIRED BUSINESS EFFICIENCIES.JET AIRWAYS (INDIA) -SOME OF COST CUTTING AREAS INCLUDE SALES AND DISTRIBUTION, PAYROLL, AND MAINTENANCE, AMONG OTHERS.JET AIRWAYS-IN DIALOGUE WITH KEY STAKEHOLDERS, INCLUDING PILOTS, ENGINEERS, TO APPRISE THEM OF CHALLENGES BEING FACED BY AVIATION SECTOR IN INDIA.  Full Article

Boeing, Jet Airways Announce Order For Additional 75 737 Max Airplanes
Monday, 16 Jul 2018 

July 16 (Reuters) - Boeing Co ::BOEING, JET AIRWAYS ANNOUNCE ORDER FOR AN ADDITIONAL 75 737 MAX AIRPLANES.ORDER, VALUED AT $8.8 BILLION AT CURRENT LIST PRICES.ORDER WAS PREVIOUSLY POSTED AS UNIDENTIFIED ON BOEING'S ORDERS AND DELIVERIES WEBSITE.  Full Article

Jet Airways (India) Connects Allahabad To Lucknow & Patna With Launch Of Regional Connectivity Services
Thursday, 14 Jun 2018 

June 14 (Reuters) - Jet Airways (India) Ltd ::SAYS JET AIRWAYS CONNECTS ALLAHABAD TO LUCKNOW & PATNA WITH LAUNCH OF REGIONAL CONNECTIVITY SERVICES.  Full Article

Delta Air Lines To Begin Nonstop Flights Between U.S. & Mumbai Next Year
Thursday, 24 May 2018 

May 24 (Reuters) - Delta Air Lines Inc ::DELTA AIR LINES - WILL BEGIN NONSTOP FLIGHTS BETWEEN U.S. & MUMBAI, INDIA NEXT YEAR.DELTA AIR LINES SAYS INTENDS TO EXPAND EXISTING CODESHARE RELATIONSHIP WITH JET AIRWAYS TO PROVIDE ACCESS TO OTHER DESTINATIONS IN INDIA.  Full Article

Jet Airways (India) Exec Says Debt Levels Likely To Go Up For 'A Qtr Or Two'
Thursday, 24 May 2018 

May 24 (Reuters) - Jet Airways (India) Ltd Deputy CEO & CFO Amit Agarwal::EXEC SAYS FOR A QUARTER OR TWO, DEBT LEVELS LIKELY TO GO UP.  Full Article

Jet Airways Employee In Custody for Carrying Large Amount Of Foreign Currency
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Jet Airways (India) Ltd ::JET AIRWAYS CLARIFIES ON NEWS ITEM REGARDING CREW MEMBER HELD FOR CARRYING 32.1 MILLION RUPEES.SAYS IN INSPECTION BY DRI TEAM ON JAN 8, A LARGE SUM OF FOREIGN CURRENCY WAS RECOVERED FROM EMPLOYEE OF THE AIRLINE.EMPLOYEE NOW IN CUSTODY; CO TO TAKE ACTION BASED ON INPUTS FROM LAW ENFORCEMENT AGENCIES; ISSUE TO NOT HAVE ANY MATERIAL IMPACT ON CO.  Full Article

BUZZ-India's Jet Airways hits near 4-year low; IT officials conduct survey at premise

** Shares of Jet Airways (India) Ltd, the country's biggest full-service airline, fall as much 7.1 pct to 225.85 rupees, lowest since Oct 2014