Jet Airways slips to record lows after Hinduja, Etihad halt investment plans

New Delhi: Shares of debt-laden Jet Airways slipped to a record low on Tuesday after Mint reported that Hinduja Group and Etihad Airways PJSC may not proceed with plans to resurrect Jet Airways, dealing a severe blow to efforts aimed at rescuing the airline that has suspended flights for nearly two months.

Jet shares slumped as much as 14.8% to an all-time low of ₹106.3, Reuters reported. The company has shed nearly 69% in one year as of Monday’s close.

At 12:05 pm, the stock was trading down 10% at ₹112.60 on BSE while on NSE it was at ₹112.55, down 9.82%. The stock had also hit a 52-week low during the morning trade.