Jet Airways flies high on successfully conducting proving flights
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Jet Airways (India) is currently trading at Rs. 108.00, up by 2.95 points or 2.81% from its previous closing of Rs. 105.05 on the BSE.
The scrip opened at Rs. 109.95 and has touched a high and low of Rs. 109.95 and Rs. 106.10 respectively. So far 68443 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.10 on 30-Jun-2021 and a 52 week low of Rs. 65.10 on 20-Jul-2021.
Last one week high and low of the scrip stood at Rs. 109.95 and Rs. 98.20 respectively. The current market cap of the company is Rs. 1232.53 crore.
The promoters holding in the company stood at 24.99%, while Institutions and Non-Institutions held 26.26% and 48.75% respectively.
Jet Airways has successfully operated all proving flights and is now looking forward to the grant of air operator certificate (AOC) by aviation regulator DGCA.
The airline conducted the second -- and the last -- set of two proving flights on Tuesday, May 17 with 31 people, including officials of the Directorate General of Civil Aviation (DGCA) on board. The carrier had on Sunday, May 15 conducted the first set of three proving flights with 18 people, including the DGCA officials on board.
Proving flights is the last step for the airline to obtain the AOC. A total of five landings (five flights) have to be done by the aircraft to successfully complete its proving flights.
Jet Airways is India's premier international airline, operates flights to many destinations, including India and overseas.
