Jet Airways shares hit 5% upper circuit after DGCA nod to air operator certificate

Jet Airways shares hit the 5% upper circuit of Rs 51 on BSE after the Jalan-Kalrock Consortium (JKC)-owned airline company secured renewal for its air operator’s certificate from the Indian civil aviation regulator.

The Director General of Civil Aviation (DGCA) on Friday, July 28, re-issued the Air Operator Certificate (AOC) which expired on May 19, 2023, as the airline did not start operations after getting an AOC from the DGCA on May 20, 2022, PTI reported.