The resolution plan of Jet Airways passed on October 17, due to which there is a continuous boom.
Jet Airways Share Price. Jet Airways shares witnessed an upper circuit of 5 per cent on Monday. This is the eighth consecutive trading session when Jet Airways shares have been hit by an upper circuit. Earlier on October 17, it was reported that the resolution plans of Jet Airways for UK’s Kalrock Capital and UAE’s entrepreneur Murari Lal Jalan have been approved.
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Jet Airways shares were trading at BSE at Rs 42.15 per share on Monday morning at 10.25. It is up 5 per cent from Friday’s closing price. Jet Airways shares have gained 47 per cent in the last 8 trading sessions. Talking about this year, Jet Airways shares have soared 45% so far.
Jet Airways has ceased to operate from April 17, 2019 due to financial constraints. Jet Airways lenders have approved the resolution plan of UK’s Kalrock Capital and UAE entrepreneur Murari Lal Jalan on Saturday 17 October 2020. With this, the jet airweight is expected to fly again. Jet Airways ceased operations in April 2019. After more than a year, the lenders have accepted someone’s proposal to revive and operate Jet Airways.
