Edition:
United Kingdom

Jet Airways (India) Ltd (JET.NS)

JET.NS on National Stock Exchange of India

346.50INR
16 Nov 2018
Change (% chg)

Rs25.60 (+7.98%)
Prev Close
Rs320.90
Open
Rs321.00
Day's High
Rs366.95
Day's Low
Rs299.65
Volume
95,938,553
Avg. Vol
9,593,992
52-wk High
Rs883.45
52-wk Low
Rs162.80

Latest Key Developments (Source: Significant Developments)

Jet Airways Says On Track To Realise Cost Savings In Excess Of 20 Bln Rupees Over Next 2 Years
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Jet Airways India Ltd ::ON TRACK TO REALISE COST SAVINGS IN EXCESS OF 20 BILLION RUPEES OVER NEXT TWO YEARS.ALREADY REALIZED COST SAVING OF OVER 5 BILLION RUPEES IN FIRST HALF OF THE CURRENT FISCAL.EXPLORING OPPORTUNITIES TO ENHANCE REVENUES IN DOMESTIC, INTERNATIONAL MARKETS BY LEVERAGING SYNERGIES OF NETWORK, ALLIANCE PARTNERS.UNDERTAKING INITIATIVES TO ENHANCE ECONOMIC VIABILITY, EFFICIENCIES AND PRODUCTIVITY TO ENSURE THE LONG-TERM HEALTH OF THE BUSINESS.HAS EMBARKED ON COMPREHENSIVE REVIEW, CONSOLIDATION OF NETWORK INVOLVING ROUTES AND MARKETS, AS WELL AS PRODUCTS AND SERVICES OFFERED.MEASURES TO INCLUDE REDEPLOYMENT OF ASSETS TO MORE PRODUCTIVE AND ECONOMICALLY EFFICIENT INTERNATIONAL AS WELL AS DOMESTIC SECTORS.WILL INDUCT 11 BOEING B737 MAX AIRCRAFT IN CURRENT FISCAL YEAR.CONTINUES TO ENGAGE WITH FINANCIAL STAKEHOLDERS FOR SUPPORTING FUNDING REQUIREMENTS, WORKING ON MONETIZATION OF ASSETS, CAPITAL INFUSION.JET AIRWAYS INDIA EXEC SAYS "OUR FOCUS AND ATTENTION REMAINS ON SAFETY AND OPERATIONAL RELIABILITY".JET AIRWAYS INDIA EXEC SAYS "WE WILL OVERCOME OUR CURRENT CHALLENGES, HONOUR OUR COMMITMENTS TO OUR STAKEHOLDERS".  Full Article

Jet Airways (India) Posts Sept-Qtr Net Loss After Tax Of 12.97 Bln Rupees
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Jet Airways (India) Ltd ::SEPT QUARTER NET LOSS AFTER TAX 12.97 BILLION RUPEES VERSUS PROFIT OF 496.3 MILLION RUPEES.SEPT QUARTER REVENUE FROM OPERATIONS 61.61 BILLION RUPEES VERSUS 56.27 BILLION RUPEES.CO HAS NEGATIVE NET WORTH AS AT SEPT 30; CURRENT LIABILITIES EXCEEDS CURRENT ASSETS AS AT SEPT 30.NOTED RESIGNATION OF VIKRAM MEHTA AS AN INDEPENDENT DIRECTOR.  Full Article

Jet Airways Says Co Not Sought Moratorium On Loans Or Reduction Of Interest Rates
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Jet Airways (India) Ltd ::SAYS CO NOT SOUGHT MORATORIUM ON ANY LOANS OR REDUCTION OF INTEREST RATES FROM ITS LENDERS.  Full Article

Jet Airways To Pay 25% Of September Salary To Pilots On Oct 25 - CNBC TV18
Friday, 19 Oct 2018 

Oct 19 (Reuters) - :JET AIRWAYS TO PAY 25% OF SEPTEMBER SALARY TO PILOTS ON OCTOBER 25 - CNBC TV18, CITING SOURCES.  Full Article

Jet Airways Clarifies Tata Group Stake Buy News Is Speculative
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Jet Airways (India) Ltd ::JET AIRWAYS - CLARIFIES ON REPORT TATA GROUP IN TALKS TO BUY MAJORITY STAKE IN CO.JET AIRWAYS (INDIA) - CLARIFIES THAT THE STAKE BUY NEWS IS SPECULATIVE IN NATURE; THERE IS NO DISCUSSION IN THE BOARD REQUIRING A DISCLOSURE.  Full Article

Jet Airways(India) Says ICRA Revises Long Term Rating Of (Long Term Loans,NCDs) To [ICRA] B (Negative Outlook)
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Jet Airways (India) Ltd ::JET AIRWAYS (INDIA)-ICRA REVISES LONG TERM RATING OF (ASSIGNED TO LONG TERM LOANS AND NCDS) TO ICRA B (NEGATIVE OUTLOOK) FROM ICRA BB (NEGATIVE OUTLOOK).JET AIRWAYS (INDIA)-DOWNGRADE DUE TO IMPACT OF STEEP INCREASE IN JET FUEL PRICES, RUPEE DEPRECIATION,DELAY IN IMPLEMENTATION OF LIQUIDITY INITIATIVES.SAYS SHORT TERM RATING HAS BEEN REAFFIRMED AT ICRA A4.  Full Article

Singapore Technologies Engineering's Aerospace Sector Signs Contract With Jet Airways
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Singapore Technologies Engineering Ltd ::AEROSPACE SECTOR SIGNS ADD-ON ENGINE MAINTENANCE AGREEMENT WITH JET AIRWAYS.CONTRACT IS NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON EARNINGS PER SHARE OF ST ENGINEERING FOR CURRENT FY.JET AIRWAYS' AND JETLITE'S ENTIRE FLEET OF 80 737NGS TO BE COVERED; CONTRACT VALUE TOTAL OF ABOUT $700 MILLION.CO TO PROVIDE ENGINE MRO SOLUTIONS, OFF-WING ENGINE MAINTENANCE SUPPORT, ON-WING SERVICES & TECHNICAL SUPPORT.SERVICES WILL BE PROVIDED OVER A PERIOD OF 6 YEARS STARTING FROM 2019.  Full Article

Jet Airways (India) Says Excess Of 20 Bln Rupees Of Cost Reduction Over Next Two Years
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Jet Airways (India) Ltd ::SAYS COST REDUCTION PROGRAMME WILL RESULT IN AN EXCESS OF 20 BILLION RUPEES OF COST REDUCTION OVER NEXT TWO YEARS.JET AIRWAYS (INDIA)-COST REDUCTION PROGRAMME COVERS MAINTENANCE COSTS, SELLING AND DISTRIBUTION COSTS, FUEL RATE AND OPTIMIZATION.JET AIRWAYS (INDIA)-COST REDUCTION PROGRAMME ALSO COVERS DEBT AND INTEREST COST REDUCTION AND ENHANCEMENT OF CREW AND MANPOWER PRODUCTIVITY.JET AIRWAYS (INDIA)- CAPITAL INFUSION AND DEBT REDUCTION TO RESULT IN SIGNIFICANT REDUCTION IN THE INTEREST COST.JET AIRWAYS (INDIA)- CONSIDERED COST CUTTING MEASURES, DEBT REDUCTION, FUNDING OPTIONS, MONETIZATION OF ASSETS INCLUDING CO'S STAKE IN LOYALTY PROGRAMME.  Full Article

Jet Airways To Consider Cost Reduction Initiatives And Turnaround Plan On Aug 27
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Jet Airways (India) Ltd ::BOARD TO TAKE UP MATTERS IN RELATION TO COST REDUCTION INITIATIVES AND TURNAROUND PLAN ON AUG 27.  Full Article

SBI Chairman Expects profit for full-year 2018/19
Friday, 10 Aug 2018 

Aug 10 (Reuters) - State Bank of India Chairman Rajnish Kumar says::EXPECTS TO RECOVER 40 BILLION RUPEES FROM ONE ACCOUNT IN BANKRUPTCY WHEN RESOLVED.IN SEPT QUARTER FURTHER INTEND TO IMPROVE PCR.91 PERCENT OF CORPORATE SLIPPAGES FROM THE WATCH LIST.GOING FORWARD RETAIL SLIPPAGES WILL COME DOWN.LEGACY NPA ACCOUNT PROVISIONS LARGELY TAKEN CARE OF.GROWTH LARGELY COMING FROM RETAIL, BUT HAVE A FAIRLY ROBUST PIPELINE IN CORPORATE LOANS.HAVE EXPOSURE TO JET AIRWAYS, PART OF OUR WATCHLIST.EXPECTS PROFITS IN DEC AND MARCH QUARTERS AND FOR FULL YEAR.  Full Article

Deals of the day-Mergers and acquisitions

Nov 16 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: