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

Published on Tue, Sep 30, 2008 at 11:22 |  Source : Moneycontrol.com

Updated at Tue, Sep 30, 2008 at 14:55  

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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

  

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