ANI
23 Nov 2022, 14:33 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Adding one more hurdle to the headwinds, aviation security agency Bureau of Civil Aviation Security (BCAS) has withdrawn the accreditation given to Jet Airways' aviation security training facilities amid continuing uncertainty over the recommencement of the airline's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 InformationLONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
Kolkata (West Bengal) [India], July 10 (ANI): Jammu and Kashmir Chief Minister Omar Abdullah on Thursday said that the responsibility...
Kolkata (West Bengal) [India], July 10 (ANI): Jammu and Kashmir Chief Minister Omar Abdullah on Thursday said that he stands firmly...
AJMAN, 10th July, 2025 (WAM) -- The Ajman Department of Tourism Development (ADTD) has honoured the winners of the Tourism Innovator...
Howrah (West Bengal) [India], July 10 (ANI): Jammu and Kashmir Chief Minister Omar Abdullah on Thursday attended a conference with...