Jet Airways Stock Falls 15% In 3 Days As Headwinds Gather
NDTV
Jet Airways: According to reports, the aviation security agency BCAS today 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.
Carrier Jet Airways is on a shaky ground and its shares declined more than 15 per cent in three days, revealed stock exchange BSE today. Many developments, pertaining to the airline, have occurred in a span of 1-2 weeks.
According to reports, the aviation security agency BCAS (Bureau of Civil Aviation Security) today 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Adding one more hurdle to the headwinds, aviation security agency BCAS has withdrawn the accreditation given to Jet Airways' aviation security training facilities amid continuing uncertainty over the recommencement of the airline's operations,
