Jet Airways shares continue to face massive selling pressure; tumble over 18% to hit a multi-year low of 67.05
5 years, 6 months ago

Jet Airways shares continue to face massive selling pressure; tumble over 18% to hit a multi-year low of 67.05

Firstpost  

New Delhi: Shares of Jet Airways continued the downward trend, plunging over 18 percent on Monday as stock exchanges, last week, decided to impose restrictions on its stock trading from 28 June. The scrip which has been tumbling for the 11th consecutive day further plummeted 18.28 percent to hit a multi-year low of 67.05 on the BSE. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive surveillance measures to curb excessive volatility, according to a circular issued last week. In a circular on Wednesday, NSE said shares of the company would be shifted from “Rolling Segment to Trade for Trade Segment, wherein the settlement in the scrip will take place on a gross basis with 100 percent upfront margin and 5 percent price band”.

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Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order
2 months ago

Jet Airways' 1.43 lakh retail shareholders stare at wipeout after Supreme Court liquidation order

Hindustan Times  

The 1.43 lakh retail shareholders of Jet Airways are now staring at a complete wipeout of their investments after the Supreme Court ordered the troubled airline's liquidation on Thursday, November 8, rejecting the Jalan Kalrock consortium’s takeover bid. Naresh Goyal, chairman of Jet Airways According to exchange data, retail investors currently own 19.29% of Jet Airways Ltd shares. This amounts …

SpiceJet to soon list shares on National Stock Exchange
1 year ago

SpiceJet to soon list shares on National Stock Exchange

The Hindu  

No-frills airline SpiceJet on December 11 said it will soon be listing its securities on the National Stock Exchange. Shares of the carrier, which is navigating financial turbulence, jumped more than 8% in the morning trade on the BSE. In order to reach a wider investor base, "the company shall soon be listing its securities on National Stock Exchange of …

Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium
4 years, 3 months ago

Jet Airways Shares Jump 5% Amid Reports Claiming Bid Win by Consortium

News 18  

Shares of Jet Airways on Thursday gained nearly 5 per cent amid reports that a consortium has won the bid for the company. The stock rose by 4.89 per cent to close at Rs 30.05 — which was also its upper circuit limit — on BSE. A clarification was also sought by BSE from Jet Airways regarding reports about the …

Airline shares tumble up to 14 pc; IndiGo hits 52-week low
4 years, 9 months ago

Airline shares tumble up to 14 pc; IndiGo hits 52-week low

India TV News  

Airline stocks plunged into deep red on Friday due to the ongoing travel restrictions in the wake of coronavirus outbreak. InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875. In the afternoon session, the Sensex was trading higher by 937 points or 2.86 per cent …

Airline shares tumble as global travel restrictions hit investor sentiment
4 years, 9 months ago

Airline shares tumble as global travel restrictions hit investor sentiment

India TV News  

Airline stocks faced heavy headwinds on Thursday as concerns over enhanced travel restrictions amid spreading of coronavirus infections rattled investor sentiment. Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent. InterGlobe Aviation, the parent of the country's largest airline IndiGo tumbled 10 per cent …

Jet Airways shares dwindle further; tank 18.5 per cent
5 years, 6 months ago

Jet Airways shares dwindle further; tank 18.5 per cent

India TV News  

Shares of Jet Airways further plummeted 18.5 per cent Wednesday after the consortium of bankers took the grounded airline to the NCLT. This is the 13th consecutive trading day fall for Jet Airways, which has tumbled 78 per cent during this period. Jet Airways, started over 25 years ago, stopped flying on April 17 after it ran out of cash …

Jet Airways crisis: Lenders' consortium picks Grant Thornton as resolution professional for cash-strapped airline
5 years, 6 months ago

Jet Airways crisis: Lenders' consortium picks Grant Thornton as resolution professional for cash-strapped airline

Firstpost  

The bankers to Jet Airways on Tuesday moved the National Company Law Tribunal to recover their dues of over Rs 8,500 crore. After the consortium of 26 bankers led by State Bank of India took Jet Airways to the National Company Law Tribunal to recover their dues, the lenders reportedly picked Ashish Chhawchharia of Grant Thornton India as the resolution …

Jet Airways shares plummet 41% to close at Rs 40.45 as troubled airline lands in NCLT
5 years, 6 months ago

Jet Airways shares plummet 41% to close at Rs 40.45 as troubled airline lands in NCLT

Firstpost  

New Delhi: Jet Airways’ shares faced massive drubbing on Tuesday and tumbled nearly 41 percent after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. This the 12th consecutive trading day fall for Jet Airways and the scrip has plunged over 73 percent during this time, wiping out Rs 1,253.5 …

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT
5 years, 6 months ago

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT

Firstpost  

New Delhi: Jet Airways stock tumbled nearly 15 percent on Tuesday after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal. Harried bankers on Monday decided against an outright sale of Jet Airways to the lone bidder, and instead voted to send it for bankruptcy to recover their Rs 8,000 …

Jet Airways shares dive 18% after stock exchanges decide to impose restrictions on trading from 28 June
5 years, 6 months ago

Jet Airways shares dive 18% after stock exchanges decide to impose restrictions on trading from 28 June

Firstpost  

The scrip of Jet Airways tanked 16.76 percent to close at Rs 68.30 on the BSE. New Delhi: Shares of Jet Airways plunged 18 percent Monday as stock exchanges last week decided to impose restrictions on its trading from 28 June. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive surveillance …

Jet Airways shares continue downward trend; tank 15% after stock exchanges decide to impose trading restrictions
5 years, 6 months ago

Jet Airways shares continue downward trend; tank 15% after stock exchanges decide to impose trading restrictions

Firstpost  

New Delhi: Shares of Jet Airways further plunged nearly 15 percent on Friday after stock exchanges decided to impose restrictions on its stock trading from 28 June earlier this week. Shares of Jet Airways had on Thursday also cracked nearly 18 percent. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive …

Jet Airways shares continue downward trend, tank 15% after stock exchanges impose restrictions
5 years, 6 months ago

Jet Airways shares continue downward trend, tank 15% after stock exchanges impose restrictions

India TV News  

Shares of Jet Airways further plunged nearly 15 per cent on Friday after stock exchanges decided to impose restrictions on its stock trading from June 28 earlier this week. Shares of Jet Airways had on Thursday also cracked nearly 18 per cent. Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive …

Jet Airways shares tumble nearly 18% after bourses announce trading restrictions from 28 June
5 years, 6 months ago

Jet Airways shares tumble nearly 18% after bourses announce trading restrictions from 28 June

Firstpost  

New Delhi: Shares of Jet Airways on Thursday cracked nearly 18 percent after stock exchanges decided to impose restrictions on its stock trading from 28 June. Jet Airways shares have been falling for ninth consecutive days, tumbling 39 percent on the BSE. Stock exchanges will impose restrictions on trading in Jet Airways shares from 28 June as part of preventive …

Jet Airways shares tank over 23% after bourses announce trading restrictions
5 years, 6 months ago

Jet Airways shares tank over 23% after bourses announce trading restrictions

India TV News  

Shares of Jet Airways Thursday cracked over 23 percent after stock exchanges decided to impose restrictions on its stock trading from June 28. On the NSE, shares plummeted 23.30 percent to hit a multi-year low of Rs 84.60. Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb …

Jet Airways shares plummet over 23% to an all-time low as stock exchanges set to impose trading restrictions
5 years, 6 months ago

Jet Airways shares plummet over 23% to an all-time low as stock exchanges set to impose trading restrictions

Firstpost  

Jet Airways shares tumbled to a fresh 52-week low of 84.80 on BSE. Its market capitalisation fell to Rs 986.03 crore with 15.61 lakh shares changing hands on BSE Shares of Jet Airways plummeted over 23 percent to an all-time low of Rs 84.80 on Thursday, a day after the National Stock Exchange of India said that shares of the …

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts
5 years, 6 months ago

Jet Airways shares plunge nearly 11% amid reports of Hinduja Group, Etihad Airways pulling out of recuse efforts

Firstpost  

Jet Airways’ scrip tumbled 10.58 percent to close at Rs 111.95 on the BSE. During the day, it plunged 14.41 percent to Rs 107.15 – its 52-week low New Delhi: Shares of Jet Airways Tuesday plummeted nearly 11 percent amid reports that Hinduja Group and Etihad Airways may not proceed with plans to resurrect the debt-ridden airline. According to a …

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far
5 years, 6 months ago

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far

India TV News  

In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. In order to sweeten the deal for Air India this time, the government is likely to offer entire 100 …

Grounded Jet Airways shares plummet over 24% in one month; market valuation erodes by Rs 451.26 cr to Rs 1,409 cr
5 years, 7 months ago

Grounded Jet Airways shares plummet over 24% in one month; market valuation erodes by Rs 451.26 cr to Rs 1,409 cr

Firstpost  

In one month, shares of Jet Airways tumbled 24.28 percent to Rs 124.10 on the BSE Friday from Rs 163.90 on 18 April New Delhi: Shares of Jet Airways have fallen over 24 percent in one month since the cash-starved airline suspended operations. Jet Airways witnessed top-level exodus earlier this week, with four senior executives, including chief executive Vinay Dube …

Jet Airways shares plunge 22.5%, hit 1-year low amid reports hint at lack of interest among bidders to follow up EoI
5 years, 8 months ago

Jet Airways shares plunge 22.5%, hit 1-year low amid reports hint at lack of interest among bidders to follow up EoI

Firstpost  

Jet Airways ceased operations on 17 April after months of financial difficulties and multiple attempts at saving the oldest private sector airliner failed. New Delhi: Shares of Jet Airways plunged 22.5 percent on Thursday amid a report that bidders for Jet Airways so far appear uninterested in following up on their expressions of interest. Investors deserted the Jet Airways counter …

Jet Airways shares halt three-day decline; zoom 13% on value buying at lower levels after plunging 40.94%
5 years, 8 months ago

Jet Airways shares halt three-day decline; zoom 13% on value buying at lower levels after plunging 40.94%

Firstpost  

Shares of Jet Airways, which has shut down operations temporarily, continued to fall for the third day in a row on Monday, tumbling over 23 percent. New Delhi: Shares of Jet Airways Limited halted its three-day decline and surged 13 percent Tuesday on value buying at lower levels. On the traded volume front, 43.47 lakh shares of the company were …

Jet shares crash ahead of auction
5 years, 8 months ago

Jet shares crash ahead of auction

India Today  

Jet Airways Ltd shares crashed by over 32 per cent on Thursday amid fears about whether the grounded airline would ever fly again even as banks claimed that they "are reasonably hopeful'' of selling the airline to a new investor. Shares of Jet Airways continued to fall for the second day in a row, plummeting by as much as 32.23 …

Jet Airways shares sink over 32%, hit 52-week low during the day
5 years, 8 months ago

Jet Airways shares sink over 32%, hit 52-week low during the day

Live Mint  

Shares of Jet Airways continued to fall for the second day in a row, plummeting over 32 per cent on Thursday, a day after the ailing airline shuttered its operations temporarily. On the National Stock Exchange, shares sank 31 per cent to close at ₹165.75 apiece. With lenders deciding not to extend any emergency funds, Jet Airways on Wednesday announced …

Jet Airways lenders 'reasonably hopeful' of getting successful bids for grounded cash-strapped airline
5 years, 8 months ago

Jet Airways lenders 'reasonably hopeful' of getting successful bids for grounded cash-strapped airline

Firstpost  

Jet Airways still has a market capitalisation of about $400 million, as investors have clung to hopes of a rescue deal being clinched. Mumbai: Lenders to India’s Jet Airways Ltd said on Thursday they are “reasonably hopeful” that the bidding process for the grounded airline will end successfully. Jet Airways, once India’s largest private airline, on Wednesday evening halted all …

Jet Airways: How one of India’s biggest airlines imploded
5 years, 8 months ago

Jet Airways: How one of India’s biggest airlines imploded

CNN  

New Delhi CNN Business — Almost 26 years to the day after its first flight, one of India’s biggest airlines has thrown in the towel. Jet Airways announced late Wednesday that it was indefinitely suspending all flights after it ran out of cash, marking a swift downfall for an airline that dominated India’s fast-growing aviation industry for years. When India …

Jet Airways nosedives with last flight at 10:30 pm, fate of 20,000 employees in dark
5 years, 8 months ago

Jet Airways nosedives with last flight at 10:30 pm, fate of 20,000 employees in dark

India Today  

At 10:30 pm tonight, Jet Airways may take to the skies for just one last time. Sitting on a debt of over Rs 8,500 crore, Jet had failed to pay salaries to senior employees since January while all its workers remain unpaid since March. Jet Airways could face heavy losses in the stock market on Thursday as trading activities are …

Jet Airways may ground all flights, govt moves to check fares
5 years, 8 months ago

Jet Airways may ground all flights, govt moves to check fares

Hindustan Times  

Delhi The future of cash-strapped Jet Airways Ltd hung in balance on Tuesday, with the management saying late in the evening that it was awaiting “emergency liquidity support” of ₹400 crore from a consortium of banks led by the State Bank of India, failing which it would have to temporarily suspend its already thinned operations. On Tuesday, civil aviation minister …

Jet Airways, once India’s biggest airline, fights to keep flying
5 years, 8 months ago

Jet Airways, once India’s biggest airline, fights to keep flying

Live Mint  

Jet Airways India Ltd.’s fleet has shrunk by almost 90 percent as the cash-strapped airline struggles to find funds to operate, forcing the nation’s oldest surviving private airline to drastically curtail its scheduled flights amid a hunt for a new investor. The carrier, once India’s biggest by market capitalization, was forced to ground 10 more jets after it failed to …

Downfall of Jet Airways: How India's premium airline crumbled, challenges ahead
5 years, 9 months ago

Downfall of Jet Airways: How India's premium airline crumbled, challenges ahead

India Today  

In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them there was a plan to rescue the debt-laden carrier so it could pay them, sources familiar with the matter said. "Despite Naresh Goyal's departure from Jet, lessors don't seem to think the carrier can be rescued, judging by the urgency …

Jet Airways shares rose over 3 per cent
5 years, 9 months ago

Jet Airways shares rose over 3 per cent

India TV News  

Shares of Jet Airways Monday rose over 3 per cent after State Bank of India invited bids from strategic as well as financial bidders for stake sale in the ailing firm. The scrip gained 3.14 per cent to close at Rs 264.10 on the BSE. On the National Stock Exchange, shares went up by 3.18 per cent to close at …

What Jet Airways bailout plan means for SpiceJet, IndiGo
5 years, 9 months ago

What Jet Airways bailout plan means for SpiceJet, IndiGo

Live Mint  

One man’s loss is another’s gain. Late last week, investors piled on to shares of SpiceJet Ltd and InterGlobe Aviation Ltd, after Jet Airways Ltd’s troubles went from bad to worse. In other words, investors seem to have concluded that Jet Airways’ debt resolution plan will keep all three airlines in a happy place. During this time, Jet Airways’ market …

Jet Airways shares rise 6% to near 10-week high after government official rules out grounding more planes
5 years, 9 months ago

Jet Airways shares rise 6% to near 10-week high after government official rules out grounding more planes

Firstpost  

Jet is in talks with leasing companies to restart operating several of its grounded aircraft, Pradeep Singh Kharola, secretary at the civil aviation ministry said Jet Airways Ltd’s shares rose about 6 percent on Wednesday to a near 10-week high, after a top aviation ministry official ruled out grounding more planes and said the carrier would fly 40 more aircraft …

Jet Airways shares rally further; zoom nearly 9% as chairman Naresh Goyal steps down
5 years, 9 months ago

Jet Airways shares rally further; zoom nearly 9% as chairman Naresh Goyal steps down

Firstpost  

Jet Airways stock opened on a bullish note Tuesday and jumped 8.80 percent to Rs 276.90 on the BSE and at the NSE, shares advanced 8.93 percent to Rs 276.80. New Delhi: Shares of Jet Airways continued to rise for the second day Tuesday, zooming nearly 9 percent on the bourses following the exit of Founder and Chairman Naresh Goyal …

Jet Airways crisis: Good outcome from creditors-company negotiations better than insolvency, says govt official
5 years, 9 months ago

Jet Airways crisis: Good outcome from creditors-company negotiations better than insolvency, says govt official

Firstpost  

Corporate Affairs Secretary Injeti Srinivas was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code New Delhi: As Jet Airways battles acute financial woes, a senior government official Monday said a “good outcome” from the negotiations between the creditors and the company would be better than moving for …

Jet Airways shares rise 15.5 per cent as Naresh Goyal resigns
5 years, 9 months ago

Jet Airways shares rise 15.5 per cent as Naresh Goyal resigns

India Today  

Shares of Jet Airways zoomed 15.5 per cent Monday with its founder and Chairman Naresh Goyal and his wife Anita Goyal stepping down from the crisis-hit airline's board. On the National Stock Exchange, shares zoomed 15.46 per cent to close at Rs 261 apiece. In the filing to the stock exchanges, Jet Airways said Naresh Goyal, Anita Goyal and one …

Aviation stocks up 7% even as DGCA report shows slow passenger growth in February
5 years, 9 months ago

Aviation stocks up 7% even as DGCA report shows slow passenger growth in February

Firstpost  

New Delhi: Aviation stocks on Friday rallied up to 7 percent on the BSE even as DGCA’s data showed a slowdown in air passenger traffic in February. Similarly, cash-strapped airline Jet Airways advanced 3.60 percent to settle at Rs 225.85. As per a DGCA report released on Wednesday, the number of passengers flying domestic airlines dropped to 11.3 million in …

SpiceJet, IndiGo shares surge at the expense of Jet Airways
5 years, 9 months ago

SpiceJet, IndiGo shares surge at the expense of Jet Airways

Live Mint  

Mumbai: Shares of SpiceJet Ltd on Wednesday surged 20% to hit upper circuit on the BSE while IndiGo operator Interglobe Aviation Ltd gained 10% on hopes that the aviation firms will gain financially amid a Jet Airways crisis that refuses to abate. SpiceJet shares rose 16.38% to ₹91.65 apiece on the BSE while IndiGo shares gained 7.3% to end the …

Jet Airways scrip falls as more planes grounded
5 years, 10 months ago

Jet Airways scrip falls as more planes grounded

The Quint  

Mumbai, Feb 28 Jet Airways on Thursday said that it has grounded more aircraft, taking the total to 19, over its non-repayment of dues to lessors. "Further to our letter dated 27 February, 2019, we now write to inform you that an additional six aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease …

Timeline: Jet Airways edges closer to safety
5 years, 10 months ago

Timeline: Jet Airways edges closer to safety

Live Mint  

Bengaluru: Jet Airways Ltd, after several attempts at finding help to save the carrier from a crippling pile of debt, last week approved a bailout plan, which will make its lenders its largest shareholders and fix a near ₹8,500 crore funding gap. 5 November: A report says Tata Sons Ltd aims to buy the 51% stake in the airline owned …

Timeline: Jet Airways edges closer to safety
5 years, 10 months ago

Timeline: Jet Airways edges closer to safety

Live Mint  

Bengaluru: Jet Airways Ltd, after several attempts at finding help to save the carrier from a crippling pile of debt, last week approved a bailout plan, which will make its lenders its largest shareholders and fix a near ₹8,500 crore funding gap. 5 November: A report says Tata Sons Ltd aims to buy the 51% stake in the airline owned …

Opinion | The rescue plan for Jet Airways is touch-and-go
5 years, 10 months ago

Opinion | The rescue plan for Jet Airways is touch-and-go

Live Mint  

For Jet Airways Ltd, it’s always only about one rupee. On the other hand, chief financial officer Amit Agarwal said on a conference call that the deal with banks would cut the debt burden by “1 rupee.” How will new funds enter the business? To this ₹4,000 crore equity infusion, add the ₹1,700 crore aircraft debt, which can be repaid …

Opinion | The rescue plan for Jet Airways is touch-and-go
5 years, 10 months ago

Opinion | The rescue plan for Jet Airways is touch-and-go

Live Mint  

For Jet Airways Ltd, it’s always only about one rupee. On the other hand, chief financial officer Amit Agarwal said on a conference call that the deal with banks would cut the debt burden by “1 rupee.” How will new funds enter the business? To this ₹4,000 crore equity infusion, add the ₹1,700 crore aircraft debt, which can be repaid …

Jet Airways seeks to raise about Rs 6,000 cr from govt fund, stake sale; shares rise 7.5%
5 years, 10 months ago

Jet Airways seeks to raise about Rs 6,000 cr from govt fund, stake sale; shares rise 7.5%

Firstpost  

et Airways said on Thursday its board had approved a rescue deal that will make its lenders its largest shareholders and fix a near Rs 8,500 crore funding gap. Jet Airways plans to raise about $840 million from a government fund and a rights issue, Business Television India said, a day after the company’s board approved a deal for some …

Jet Airways poised to get ₹600 crore emergency loan
5 years, 10 months ago

Jet Airways poised to get ₹600 crore emergency loan

Live Mint  

Mumbai: Jet Airways India Ltd., the beleaguered carrier that’s in the midst of bailout talks with its partner and lenders, is set to get an emergency loan of as much as 6 billion rupees to help it tide over a cash crunch, according to people familiar with the matter. The fund infusion would come as a lifeline for Jet Airways, …

Timeline: How things went from bad to worse for Jet Airways
5 years, 11 months ago

Timeline: How things went from bad to worse for Jet Airways

Live Mint  

Bengaluru: Cash-strapped Jet Airways Ltd has flown straight into a storm, resulting in a major setback for India's largest full-service airline that could shake up the country's aviation industry. Jet, which has debt exceeding 80 billion rupees as of September-end, has been steadily losing market share to its rival and low-cost carrier IndiGo, which is owned by InterGlobe Aviation Ltd. …

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