Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Jet Airways Shares Fall as More Planes Grounded Over Unpaid Lessor Dues

The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.

Reuters

Updated:April 3, 2019, 11:45 AM IST
facebookTwitterskypewhatsapp
Jet Airways Shares Fall as More Planes Grounded Over Unpaid Lessor Dues
Representative image/Reuters

New Delhi: Jet Airways shares fell as much as 4 per cent in early trade on Wednesday after it said the previous day it has grounded 15 more planes due to non-payment of dues to its lessors.

The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.

The airline, which was on the brink of bankruptcy, was bailed out in March by state-run banks that will temporarily take a majority stake in the company and give it a new loan of $218 million.

After the bailout Jet told officials at the civil aviation ministry that the airline would not ground more planes and would fly 40 more aircraft by the end of April.

The stock has shed more than half of its value in a year as of Tuesday's close.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
TCS 1,986.85 -0.88
Indiabulls Hsg 209.90 7.45
Infosys 814.80 4.05
IndusInd Bank 1,223.20 -0.43
Yes Bank 39.60 -3.30
Company Price Change %Gain
Indiabulls Hsg 209.95 7.67
Yes Bank 39.60 -3.30
TCS 1,987.05 -0.87
IndusInd Bank 1,223.25 -0.46
Bandhan Bank 583.40 15.08
Top Gainers
Company Price Change %Gain
Cipla 441.35 4.55
Vedanta 147.05 4.18
Infosys 814.80 4.05
Tata Motors 121.30 3.85
ONGC 129.00 2.79
Company Price Change %Gain
Infosys 815.70 4.19
Vedanta 146.95 3.96
Tata Motors 121.35 3.81
ONGC 129.10 2.95
Tata Steel 339.40 2.94
Top Losers
Company Price Change %Gain
Yes Bank 39.60 -3.30
IOC 143.40 -3.24
GAIL 124.95 -1.88
M&M 560.10 -1.05
Zee Entertain 242.50 -1.02
Company Price Change %Gain
Yes Bank 39.60 -3.30
M&M 559.80 -1.19
TCS 1,987.05 -0.87
Reliance 1,352.40 -0.73
IndusInd Bank 1,223.25 -0.46

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results