Jet Airways Allowed to Fly Again Company’s Stock Running Like a Rocket
The stock of Jet Airways once again took off on the last trading day of the week. The share price on the BSE index was Rs 113.30, which shows a rise of about 5 per cent as compared to the day before.
After three years, once again the private sector Jet Airways airline is ready to fly. The Directorate General of Civil Aviation (DGCA) has given its permission. According to DGCA chief Arun Kumar, Air Operator Certificate (AOC) has been given to Jet Airways. This allows the airline to resume commercial flight operations.
When expected to fly: The airline plans to restart commercial flight operations in the July-September quarter in 2022. On May 5, Jet Airways did a test flight for the first time. After this 3 mandatory flight services were operated. DGCA officials were also involved in this flight. After this Air Operator Certificate has been allowed.
Let us tell you that due to the financial crisis, Jet Airways had stopped flight services in April 2019. Presently the Jalan-Kalrock consortium is the promoter of Jet Airways. Meanwhile, the stock of Jet Airways once again took off on the last trading day of the week.