Jet Airways flew high on Monday; the stock surged 5 per cent to close at Rs 42.15 on the BSE. The airline, which had grounded all operations in April 2019 amid mounting losses, was finally set to be acquired by new owners and investors gave a big thumbs up.
Jet Airways was forced to ground all its flights in April 2019. Manoj Madnani, a board member of Kalrock Capital, told a TV channel that the plan was for Jet Airways to become a full service airline. While they already had a route plan in mind for domestic operations, it will go international too depending on the slots, he said.
The challenges though are steep - read how much >>
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