The Naresh Goyal-controlled Jet Airways (India) has seen its market share decline to 10 per cent from 11.9 per cent, data from Directorate General of Civil Aviation (DGCA) showed.
Domestic air passenger traffic rose 5.6 per cent in February, with the country's airlines carrying 11.35 million passengers in Februar, according to regulatory data.
The passenger load factor in the month of February 2019 has shown increasing trend primarily due to airlines offering promotional fares resulting in increased demand, it said. CLICK HERE FOR RELEASE
The stock of Jet Airways (India) was up 3 per cent to Rs 225 on the BSE in intra-day trade today, after falling 8 per cent in the past two trading days.
Last month, Jet Airways had approved a Bank-led Provisional Resolution Plan (BLPRP), as received from the State Bank of India (SBI) proposing restructuring.
The BLPRP contemplates various options on the debt-equity mix and the proportion of equity infusion and the stakeholders are closely engaged to arrive at mutually acceptable solution, Jet Airways said in regulatory filing. The company also made a clarification on news
report that "Etihad may exit Jet Airways by selling 24 per cent stake to SBI".
According to a Business Standard report, lessors of Jet Airways are in talks with SpiceJet to reposition some of its Boeing 737 Next Generation aircraft. SpiceJet, which has been hit by the grounding of 13 Boeing 737 MAX planes, is looking to secure used aircraft to maintain its expansion plans. “Lessors of Jet Airways have discussed with SpiceJet to place their aircraft with the latter. CLICK HERE TO READ FULL REPORT