BackJet Airways shares drop nearly 4%
At the National Stock Exchange (NSE), shares dropped 3.65% to close at ₹228.10 per scripCivil Aviation Minister Suresh Prabhu on Tuesday directed his ministry's secretary to hold an emergency meeting on Jet Airways
PremiumNEW DELHI : Shares of Jet Airways fell nearly 4% on Tuesday amid the debt-ridden company massively cancelling flights after grounding of a large part of its fleet.
The shares of the company declined 3.35% to close at ₹229.05 a piece on the BSE. During the day, it plunged 5.48% to ₹224.
At the National Stock Exchange (NSE), shares dropped 3.65% to close at ₹228.10 per scrip.
On the traded volume front, 13.19 lakh shares were traded on the BSE and over one crore shares on the NSE during the day.
Civil Aviation Minister Suresh Prabhu on Tuesday directed his ministry's secretary to hold an emergency meeting on debt-ridden Jet Airways massively cancelling flights after grounding of a large part of its fleet.
The minister's direction came in the wake of the airline drastically reducing its operations due to liquidity crunch.
"Directed Secretary, @MOCA GOI to hold an emergency meeting on grounding of flights by Jet Airways, advance bookings, cancellations, refunds and safety issues, if any," Prabhu said in a tweet.
The airline Monday said it had grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41
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This story has been published from a wire agency feed without modifications to the text.
