ANI
23 Nov 2022, 14:33 GMT+10
New Delhi [India], November 23 (ANI): Carrier Jet Airways is on a shaky ground and its shares declined more than 15 per cent in three days, revealed stock exchange BSE on Wednesday. Many developments, pertaining to the airline, have occurred in a span of 1-2 weeks.
According to reports, the aviation security agency BCAS on Wednesday withdrew the accreditation given to Jet Airways' aviation security training facilities while last Monday, the airline temporarily cut the salaries of some staff by up to 50 per cent and some were sent on leave without pay.
In five days, the shares of the airline, which is currently at Rs 65.55 apiece, went down by almost 18 per cent while its shares declined 30.74 per cent in the past one month. Its shares had been dropping by 45.01 per cent in the past six months.
Adding one more hurdle to the headwinds, aviation security agency Bureau of Civil Aviation Security (BCAS) has withdrawn the accreditation given to Jet Airways' aviation security training facilities amid continuing uncertainty over the recommencement of the airline's operations,"The competent authority has revoked the accreditation granted to both the Aviation Security Training Institutes (ASTIs) of Jet Airways at Gurugram and Mumbai. The airline may apply afresh for approval of its ASTIs as and when it is ready for inspection...," BCAS said in a communication.
According to reports, the Jalan Kalrock consortium has emerged as the winning bidder for the bankrupt airline through an insolvency resolution process. (ANI)Get a daily dose of India Gazette news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.
More InformationSAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
Port of Spain [Trinidad and Tobago], July 4 (ANI): Prime Minister Narendra Modi has said that India is actively working on creating...
New Delhi [India], July 4 (ANI): The West District Police team of Delhi cracked a staged robbery case within 10 hours. Accused persons,...
New Delhi [India], July 4 (ANI): BJP MP Nishikant Dubey has levelled serious allegations against former Prime Ministers Rajiv Gandhi...
Mandi (Himachal Pradesh) [India], July 4 (ANI): Mandi district of Himachal Pradesh is experiencing heavy rainfall, which has disrupted...
New Delhi [India], July 4 (ANI): Bollywood actor Aamir Khan will attend the 16th edition of the Indian Film Festival of Melbourne (IFFM)...