Jet Airways (India) Ltd share price today (on 22 September 2023).

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Jet Airways (India) Limited provides passenger and cargo air transportation services in India and internationally. The company operates flights to 66 destinations in India, as well as New York, Toronto, Brussels, London, Johannesburg, Hong Kong, Singapore, Kuala Lumpur, Colombo, Bangkok, Kathmandu, Dhaka, Kuwait, Bahrain, Muscat, Doha, Abu Dhabi, Dubai, Jeddah, Sharjah, Riyadh, and Dammam. It operates a fleet of 90 aircraft, which includes 10 Boeing 777-300 ER aircraft, 12 Airbus A330-200 aircraft,Jet Airways (India) Limited (JAIL) was incorporated in 1st April of the year 1992 as a private company with limited liability and it commenced operations as an Air Taxi Operator in 5th May of the year 1993 with a fleet of four leased Boeing 737 aircraft and also having ISO 9001 certification for its in-flight services. The Company became the first airline in India to operate the Boeing 737-400 Aircraft in April of the year 1994 and it operates one of the youngest aircraft fleets in the world today. The Company was granted the scheduled airline status in 14th January of the year 1995. Jet Airways became a deemed public company in 1st July of the year 1996.
Jet Airways was reconverted into a private company as at 19th January 2001. The Company bagged the prestigious Air Transport World Award 2001 for Market Development and the TTG Travel Award 2002 for Best Domestic Airline. In the year 2004, the company made tie up with the South African Airways. During the year 2005, Jet Airways Limited has filed its draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to enter the capital market with its initial public offering for used to fund its international expansion plans. Jet Airways became a public company in 28the December of the year 2004. The Company launched its first inter-continental flight by linking Mumbai with London Heathrow by a non-stop day flight in the month of May during the year 2005. Jet Airways executed its purchase agreement with The Boeing Company, USA in the year 2005, also in the identical period introduced an In-flight Safety Manual in Braille, signed a pact with Gulf Air and the company won the Avaya Global Connect Customer Responsiveness Award. During 2005-2006, the company completed the construction of hangar complex with workshop and allied facilities in Mumbai. In 2006, the company signed a special code sharing (SPA) agreement with American Airlines, the world's largest carrier, for India and US flights.
The Company introduced a second Mumbai-London (Heathrow)-Mumbai frequency effective from 10th July of the year 2006 and commenced its operations on the Amritsar-London (Heathrow)-Amritsar sector in 4th August of the year 2006. The Memorandum of Understanding (MoU) was made with Lufthansa Technik AG, Germany in the year 2007 for A330/B777 Component Works, Personnel Assignment Services and Maintenance Management Services. Also in the same year 2007, Jet Airways inked 8mn aircraft lease agreement and introduced its first flight from Chennai to Toronto, via its hub in Brussels. In September 2007, Brussels Airlines declared as Jet Airways new frequent flyer programme partner, Under this programme, members of Jet Privilege and Privilege Programme of the Belgian airline will be able to cash in the air miles on each others network. Jet Airways and Etihad Airways, the national carrier of the United Arab Emirates, had inked a code share agreement in June of the year 2008 and reciprocal frequent flier partnership on the New Delhi-Mumbai-Abu Dhabi sectors. In same June 2008, launched its daily Mumbai-Shanghai-San Francisco flight, becoming the first Indian private carrier to operate to China. The Company enhanced its network connectivity from Pune with the launch of its new direct services to Hyderabad, Nagpur & Ahmedabad effective from July 15th 2008. During the same month, Jet Airways got permission for fly to Dubai from Delhi and Mumbai.
According to the Consolidated - Audited financial statement for the Year of 2012, total net operating revenues increased with 15.89%, from INR 14,726.98 tens of millions to INR 17,067.04 tens of millions. Operating Results decreased from INR 2,753.09 tens of millions to INR -26.49 tens of millions. The results of the period decreased -270.90% reaching INR -1,600.07 tens of millions at the end of the period against INR -431.4 tens of millions last year. Return on equity (Net income/Total equity) went from -12.98% to -1222.17%, the Return On Asset (Net income / Total Asset) went from -2.53% to -7.73% and the Net Profit Margin (Net Income/Net Sales) went from -2.93% to -9.38% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 15803.63% compared to 512.61% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.87 to 0.51 when compared to the previous year.