ANI
23 Nov 2022, 19:03 GMT+10
New Delhi [India], November 23 (ANI): Carrier Jet Airways is on a shaky ground and its shares declined more than 15 per cent in three days, revealed stock exchange BSE on Wednesday. Many developments, pertaining to the airline, have occurred in a span of 1-2 weeks.
According to reports, the aviation security agency BCAS on Wednesday withdrew the accreditation given to Jet Airways' aviation security training facilities while last Monday, the airline temporarily cut the salaries of some staff by up to 50 per cent and some were sent on leave without pay.
In five days, the shares of the airline, which is currently at Rs 65.55 apiece, went down by almost 18 per cent while its shares declined 30.74 per cent in the past one month. Its shares had been dropping by 45.01 per cent in the past six months.
Adding one more hurdle to the headwinds, aviation security agency Bureau of Civil Aviation Security (BCAS) has withdrawn the accreditation given to Jet Airways' aviation security training facilities amid continuing uncertainty over the recommencement of the airline's operations,"The competent authority has revoked the accreditation granted to both the Aviation Security Training Institutes (ASTIs) of Jet Airways at Gurugram and Mumbai. The airline may apply afresh for approval of its ASTIs as and when it is ready for inspection...," BCAS said in a communication.
According to reports, the Jalan Kalrock consortium has emerged as the winning bidder for the bankrupt airline through an insolvency resolution process. (ANI)
Get a daily dose of International Travel News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.
More InformationNew Delhi [India], December 4 (ANI): In an analysis conducted by the PHD Chamber of Commerce and Industry, India's states ...
© Provided by Xinhua An increasing number of people are interested in knowing China and there is no better way ...
(Photo credit: Bob DeChiara-USA TODAY Sports) Brad Marchand scored a natural hat trick in the third period as the Boston ...
(Photo credit: Wendell Cruz-USA TODAY Sports) Artemi Panarin recorded his fifth career hat trick and collected a season-high four points ...
New Delhi [India], December 3 (ANI): The Confederation of All India Traders (CAIT) has alleged misuse of Indian travellers' data ...
(Photo credit: Gary Cosby Jr.-USA TODAY Sports) With two losses in the past three games, No. 23 Alabama will be ...
BEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
WASHINGTON D.C.: U.S. First Lady Jill Biden stressed that she wants everyone visiting the White House during Christmas to "feel ...
DUBAI, UAE: On November 24, countries participating in a five-day conference hosted by the International Civil Aviation Organization in Dubai ...
Fewer planes and helicopters will be flying tourists over Mount Rushmore and other national monuments and parks as new regulations ...
New Delhi [India], December 4 (ANI): In an analysis conducted by the PHD Chamber of Commerce and Industry, India's states ...
© Provided by Xinhua An increasing number of people are interested in knowing China and there is no better way ...