Announcing that it is in “advanced conversations” with Boeing and Airbus, Jet Airways’ shares rose as much as 4.97 percent on Friday. The stock reached the BSE platform’s upper circuit limit of 90.80.
In order to revive the company and follow the agreed plan, Jet Airways’ successful resolution applicant is presently in the process. The successful resolution applicant (consortium) has been in advanced discussions with aircraft manufacturers.
Following reports that the new owners were in talks with Boeing and Airbus to “acquire 100 aircraft for roughly $12 billion,” the company filed for bankruptcy protection on Monday.
The shares of Jet Airways jumped 5% after Boeing and Airbus said they were in “advanced discussions” about purchasing planes for the airline.
The Indian capital, Delhi: Announcing that it is in “advanced conversations” with Boeing and Airbus, Jet Airways’ shares rose as much as 4.97 percent on Friday. The stock reached the BSE platform’s upper circuit limit of 90.80.
The airline’s stock climbed about 10% in the course of the last two trading days, marking the largest gain in more than three months.
“The successful resolution applicant for Jet Airways is presently in the process of implementing the authorised plan and restarting the company Boeing and Airbus have been in talks to acquire 100 planes for $12 billion, according to a document made by the new owners.
