NEW DELHI: Falling for the fifth consecutive day, shares of Jet AirwaysNSE -3.18 % declined over 5 per cent on Wednesday. In last five days, the stock has come off by 8 per cent to Rs 254.55.
The beleaguered airline is fighting for its survival.
According to an ET report, Jet Airways’ domestic operations now comprise 12-15 planes, making it the smallest operating pan-Indian carrier and also, according to industry experts, ineligible to fly on international routes.
In addition to grounding a majority of its fleet, it defaulted on Indian and overseas loan repayments, vendor dues and salaries, and also laid off people.
