Shares of cash-strapped airline Jet Airways jumped 5 per cent to hit the upper circuit at Rs 50.80 apiece on BSE in Monday’s intra-day trade after the Jalan-Kalrock Consortium (JKC), the winning bidder for the operator, said it has received the regulator’s extension to operate the airline.
In comparison, the BSE Sensex was up 0.26 per cent. Stocks of other players SpiceJet and IndiGo held nominal gains, rising 0.26 per cent each, at the time of this report.
As per a statement by JKC, the aviation regulator Directorate General of Civil Aviation (DGCA) has renewed the airline’s air operator certificate (AOC).
