Jet up 5% after settlement of dispute with pilots

Jet up 5% after settlement of dispute with pilots
Comment E-mail Print Share
First Published: Mon, Sep 14 2009. 11 00 AM IST
Updated: Mon, Sep 14 2009. 11 00 AM IST
Mumbai: Jet Airways India on Monday climbed 5.05% on the Bombay Stock Exchange, a day after the five-day-old stir by its pilots ended and the airline management reached a settlement with the agitators.
Shares of Jet Airways India surged 5.05% to a high of Rs270.40 on the BSE and 4.52% on the National Stock Exchange to a high of Rs270.25.
As part of the agreement reached between pilots and the management yesterday, a consultative group/body is to be put in place which would have at least two directors from the Board of Jet Airways, the chief executive officer, two representatives from flights operations and five pilots.
The group would ensure a continuous process of dialogue between the management and the pilots.
Meanwhile, private air-carrier Jet Airways announced a 50% discount on its total fare in economy class across all domestic flights.
Comment E-mail Print Share
First Published: Mon, Sep 14 2009. 11 00 AM IST
More Topics: Stocks | Jet Airways | Equities | BSE | NSE |