Jet Airways shares tank 19% - News Summed Up

Jet Airways shares tank 19%


Shares of Jet Airways plunged nearly 19 per cent on Tuesday amid reports that the company is likely to temporarily shut down its operations. At NSE, shares cracked 18.53 per cent to Rs 213.20. The BSE has sought clarification from Jet Airways (India) Ltd with reference to news that it is likely to temporarily shut down its operations. Jet Airways is grappling with an acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations. Civil aviation minister Suresh Prabhu has called for a review of issues related to struggling Jet Airways, including rising fares and flight cancellations.


Source: The Telegraph April 16, 2019 08:26 UTC



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