Shares of Jet Airways hit the upper circuit of five percent on Tuesday after the new promoters of the airline said operations could start in the summer of 2021. At 11:05 am, Jet Airways was up 4.97% at ₹75.
Jet Airways jumped 5% after the consortium of UAE-based businessman Murari Lal Jalan and London’s Kalrock Capital said it expects to start operating the airline by the summer of 2021.
On Monday, the new promoters said in a statement that the airline may start both domestic and international operations with all the slots that were available to Jet Airways before it stopped flying.
