Jet Airways grounded but its investors’ hopes are still flying high2 min read . Updated: 19 Apr 2019, 10:36 AM IST
- Investors are seen pinning hopes on the outcome of the bidding process for Jet Airways set to end on 10 May
- But it seems unlikely that any buyer will cut a deal that has positive implications for existing shareholders
Mumbai: Jet Airways shares have been quite resilient through all the crisis over the past few months. On Wednesday evening, the 25-year-old beleaguered private airline informed stock exchanges that it would suspend operations temporarily. When markets opened on Thursday, Jet Airways’ shares were, of course, in free fall. The stock touched a 52-week low during trading and eventually closed the day 32% down. Still, it does appear that the company’s shareholders think this isn’t really the final call to deboard.
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