Jet Airways: Naresh Goyal airline by the numbers
Jet Airways chief Naresh Goyal's flight has finally landed, for good. The man who kept his premium airline afloat through thick and thin over the course of a quarter of a century has finally run out of ideas.
Jet Airways chief Naresh Goyal's flight has finally landed, for good. The man who kept his premium airline afloat through thick and thin over the course of a quarter of a century has finally run out of ideas and supporters in the face of mounting debt. Things may still have turned out well, but the chances of the airline soaring back to its heyday diminished on a virtually daily basis to negligible with smaller, more nimble and above all, affordable, airlines nibbling away at its market share, leaving it just a shadow of the proud airline it was. The notable part was that the airline is still considered worth buying! Just check teh suitors, from Etihad itself to the redoubtable Tatas are interested in taking control. However, Naresh Goyal was not part of their plans to revive the airline. They wanted him out and then only would they step in to save the airline.
Unwilling to see his beloved airline disappear like Vijay Mallya's Kingfisher Airlines, Goyal finally threw in the towel after putting up a fight that lasted for months and months as he explored ways and means to get the funds to keep the salaries of the airliner's employees, including those of pilots, flowing. Nothing panned out for Goyal and now, he has quit. It paves the way for buyers and lenders to get together and chalk out plans to get Jet Airways planes flying again.
That said, check out the numbers involved in the Jet Airways case:
Jet Airways debt
The airlines has been going through a financial disturbance since a long time. It has been burdened with a debt of around $1 billion.
Jet Airways market capital
Jet Airways stock has a market capital of Rs 2,891.05 crore as per BSE.
Naresh Goyal has reduced his share to 25.5 per cent from 51 per cent today.
Etihad Airlines has a 24 per cent stake in Jet Airways.
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Jet Airways stock price
On BSE as on 25th March, the stock closed at Rs 254.50, up by 13 per cent, while on NSE price it closed at Rs 261, up by 15.5 per cent.
Jet Airways stock 52-week high and low
The 52-week high of Jet Airways is Rs 651.40, while 52-week low is Rs 162.80
Jet Airways Stock over last 12 months (FY)
The stock has seen a massive correction in the last one year to Rs 260 levels from Rs 630 levels.