Jet Airways shares tank 19 per cent amid reports of temporary shut down of operations

Shares of Jet Airways plunged nearly 19 per cent Tuesday amid reports that the company is likely to temporarily shut down its operations. The scrip which had opened the day on a weak note further plummeted 18.56 per cent to Rs 213.20 on BSE during the afternoon trade.

At NSE, shares cracked 18.53 per cent to Rs 213.20. The BSE has sought clarification from Jet Airways (India) Ltd with reference to news that it is likely to temporarily shut down its operations.

Jet Airways is grappling with an acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations. Read more

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