Shares in Jet Airways Ltd , part-owned by Abu Dhabi's Etihad, fell 10 percent on Wednesday
in pre-open trading after the carrier posted a record quarterly loss
partly as a result of higher jet fuel expenses and a one-time charge on a
unit.
Jet Airways recouped some of the losses but was still trading 6.8 per cent lower at Rs 250.05. It hit a low of Rs 241.50 and a high of Rs 254 in trade today on the National Stock Exchange.Mr. Gaurang Shetty, Director and Manager will continue to lead the company till the requisite approvals are obtained and Mr. Ball assumes charge as the CEO of the company, Jet Airways (India) said.
On the BSE, stock was trading 6.9 per cent lower at Rs 249.70. It hit a low of Rs 243 and a high of Rs 254 in trade today.
On the BSE, stock was trading 6.9 per cent lower at Rs 249.70. It hit a low of Rs 243 and a high of Rs 254 in trade today.
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