Jet Airways to spend $ 1 bn for 8 aircraft; stock down

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At 11:13 am, Jet Airways was quoting at Rs 384.05, down Rs 10.65, or 2.7%. It has touched an intraday high of Rs 399 and an intraday low of Rs 380.

The company is going to spend USD 1 billion for 8 aircraft in 3 years, reports Newswire18. The five Airbus 330's and three Boeing 777's will cost Jet $1 billion, which would be funded through 100 per cent debt.

Jet Airways opts for stake sale of up to 10% in an effort to bail out the bleeding airline reports Business Line.

Mr Naresh Goyal, Chairman said that stake sale might go up to 15 to 20% depending on the market conditions. The move comes in order to strengthen the balance sheet & ruled out that it is a distress sale.

It was trading with volumes of 2,779 shares. Yesterday the share closed down 4.14% or Rs 17.05 at Rs 394.70.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	431.25	384.05	-47.20	-10.94
5-Days	417.65	384.05	-33.60	-8.05
7-Days	429.05	384.05	-45.00	-10.49
15-Days	511.30	384.05	-127.25	-24.89
1-Month	472.40	384.05	-88.35	-18.70
3-Month	430.45	384.05	-46.40	-10.78
6-Month	556.35	384.05	-172.30	-30.97
9-Month	997.20	384.05	-613.15	-61.49
1-Year	911.45	384.05	-527.40	-57.86

 

 

 

 

 

 

 

 

 

 

Currently -63.42% below the 52-week high of 1,049.80

Currently 24.69% above the 52-week low of 308.00