Jet airways today refuted media reports that claimed a deal finalised with UAE-based Ethihad airways where it is said to raise its stake to 49 per cent from the existing share of 25 per cent."This has with reference to your email/letter seeking clarification/information on news article published in a news paper dated February 19, 2016 captioned 'Etihad set to raise its stake in Jet Airways to 49 per cent from 24 per cent' and the upward movement in the price of Companys scrip, " an official statement issued by the Jet Airways said."
Please note that the said news item is a rumour and is speculative in nature and no such move is under contemplation. Clarification to this effect has already been provided to the news paper and the same has since been reported by them," it added.The report was published in an English business daily that said, "Eithad Airways has reportedly finalised a deal with Jet Airways to raise its stake in the airline by 25 per cent.With this, Etihad's stake in the Naresh Goyal-promoted airline will go up to 49 per cent from 24 per cent.
Mr Goyal promoted Jet Airways posted a net profit of Rs 467.11 crore for the December quarter compared to Rs 63.11 crore in the corresponding period last fiscal. A 27 per cent fall in fuel costs boosted the company's profits in the quarter.''The airline had a market share of 18.7 per cent in the domestic air traffic in January, remaining the second largest carrier after IndiGo, according to data released by the civil aviation ministry.Share price of Jet Airways traded 2.6 per cent higher at Rs 556 on the Bombay Stock Exchange (BSE) on Friday, even as the benchmark indices remained flat.
19/02/16 WebIndia123
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Please note that the said news item is a rumour and is speculative in nature and no such move is under contemplation. Clarification to this effect has already been provided to the news paper and the same has since been reported by them," it added.The report was published in an English business daily that said, "Eithad Airways has reportedly finalised a deal with Jet Airways to raise its stake in the airline by 25 per cent.With this, Etihad's stake in the Naresh Goyal-promoted airline will go up to 49 per cent from 24 per cent.
Mr Goyal promoted Jet Airways posted a net profit of Rs 467.11 crore for the December quarter compared to Rs 63.11 crore in the corresponding period last fiscal. A 27 per cent fall in fuel costs boosted the company's profits in the quarter.''The airline had a market share of 18.7 per cent in the domestic air traffic in January, remaining the second largest carrier after IndiGo, according to data released by the civil aviation ministry.Share price of Jet Airways traded 2.6 per cent higher at Rs 556 on the Bombay Stock Exchange (BSE) on Friday, even as the benchmark indices remained flat.
19/02/16 WebIndia123
