Who owns Jet Airways shares?
The main institutional shareholders included Punjab National Bank (26%), Etihad Airways (24%), and Jet’s original promoters (25%), according to the analysis. India’s Supreme Court has ordered the liquidation of the beleaguered Jet Airways, officially ending any hopes of a revival more than five years after the airline went bankrupt.This is in reference to the order of the National Company Law Tribunal, Mumbai, dated November 26, 2024, which commenced the liquidation of Jet Airways (India) Limited (“Corporate Debtor”) and appointed Mr. Satish Kumar Gupta as the liquidator (“Liquidator”) of the Corporate Debtor.The 1. Jet Airways are now staring at a complete wipeout of their investments after the Supreme Court ordered the troubled airline’s liquidation on Thursday, November 8, rejecting the Jalan Kalrock consortium’s takeover bid.
What to do with Jet Airways shares?
Ans: Since Jet Airways has been ordered into liquidation, its shares have been delisted, meaning they are no longer traded on stock exchanges. Unfortunately, in most liquidation cases, equity shareholders are the last in line to receive any funds, and often, there’s nothing left for them after creditors are paid off. Jet Airways ceased operations in April 2019. In 2020, Jet Airways was acquired by the investment company Kalrock with plans to resume operations in 2022. However, these plans were delayed due to financial issues and ongoing proceedings with the National Company Law Tribunal.Jet Airways is set to relaunch commercial operations in September 2022. Jet Airways is coming back determined to take technology, services, and customer experience to a new level.In 2020, entrepreneur Murari Lal Jalan and asset management firm Kalrock, part of the Fritsch Group, purchased Jet Airways with a view to restart air operations. It was expected that Jet Airways II would take to the skies in 2022 as a full-service domestic airline with a fleet of six aircraft.The 1. Jet Airways are now staring at a complete wipeout of their investments after the Supreme Court ordered the troubled airline’s liquidation on Thursday, November 8, rejecting the Jalan Kalrock consortium’s takeover bid.Jet Airways is making a big comeback, as the CEO has confirmed that the airline will return with a surprising plan to lease 𝗔𝗶𝗿𝗯𝘂𝘀 𝗔𝟯𝟴𝟬𝘀. These aircraft will be used on long-haul international routes, mainly to Europe and North America.
What is the price of Jet Airways IPO share?
Equity Share, aggregating Rs. Crore, comprising a Fresh Issue of 14245111 Equity Shares by Jet Airways (India) Ltd (Jet Airways or the Company or the Issuer) and an Offer for Sale of 3021690 Equity Shares by Tail Winds Limited (Tail Winds or the Selling Shareholder). Jet Airways IPO priced at Rs 1100 per share. The Jet Airways initial public offering (IPO) has been priced at Rs 1,100 per share.
How much do jet shares cost?
The cost of a fractional jet ownership share can vary significantly based on the aircraft type, share size, and provider. A 1/16 share, which typically provides around 50 flight hours per year, can range from $300,000 to over $1 million. A private jet flight is billed by the hour, so the overall cost will be the hours of flight multiplied by the cost per hour. For example, if you have a 3-hour flight at $3,500 per hour, the base fare for the flight will be $10,500.