Stocks

Jet Airways falls; little scope for revival, sources say

Reuters Mumbai | Updated on May 06, 2019 Published on May 06, 2019

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Shares of Jet Airways Ltd fell as much as 7.68 per cent to Rs 125.1.

The Government sees little hope of a bidder emerging for debt-laden airline, two senior finance ministry officials said.

At present, Jet Airways has a debt of about $1.2 billion (approximately Rs 8325 crore)

The airline lost over half its market value this year as of Friday's close.

Published on May 06, 2019
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