At 10:50 am; the S&P BSE Oil & Gas index plunged 2.6% or 364 points at 13,810 points, as compared to 0.01% decline in the S&P BSE Sensex.

Stock Market News » Shares of oil marketing companies (OMCs) such as Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) have slipped up to 6% on the BSE in intra-day trade as oil prices rise amid supply disruptions.

At 10:50 am; the S&P BSE Oil & Gas index plunged 2.6% or 364 points at 13,810 points, as compared to 0.01% decline in the S&P BSE Sensex.

Among airlines companies, Jet Airways (India) hit a 52-week low of Rs 366, down 3% on the BSE in intra-day trade, while InterGlobe Aviation (down 2% at Rs 1,143) and SpiceJet (down 1.5% at Rs 112) too trading lower on the BSE.

Oil prices rose on Wednesday following supply disruptions in Libya and Canada and after US officials told oil importers to stop buying Iranian crude from November, the Reuters report suggested.

ABOUT Jet Airways (India) LTD.

Jet Airways (India) Limited (JAIL) was incorporated in 1st April of the year 1992 as a private company with limited liability and it commenced operations as an Air Taxi Operator in 5th May of the year 1993 with a fleet of four leased Boeing 737 aircraft and also having ISO 9001 certification for its in-flight services. The Company became the first airline in India to operate the Boeing 737-400 Aircraft in April of the year 1994 and it operates one of the youngest aircraft fleets in the world today. The Company was granted the scheduled airline status in 14th January of the year 1995. Jet Airways became a deemed public company in 1st July of the year 1996.

Jet Airways was reconverted into a private company as at 19th January 2001. The Company bagged the prestigious Air Transport World Award 2001 for Market Development and the TTG Travel Award 2002 for Best Domestic Airline. In the year 2004, the company made tie up with the South African Airways. During the year 2005, Jet Airways Limited has filed its draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to enter the capital market with its initial public offering for used to fund its international expansion plans. Jet Airways became a public company in 28th December of the year 2004.

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Jet Airways Share Price

Wednesday, 5 October 2016

SpiceJet announces festival sale; tickets starting at Rs 888

Domestic budget carrier SpiceJet today announced special festival sale, offering fliers one-way all inclusive airfares as low as Rs 888 for domestic and Rs 3,699 for overseas flights for a limited period.

The flights under the offer can be booked from today till October 7 while the journey can be undertaken between November 8 and April 13 next year, SpiceJet said in a release.

The seats available under the special festival sale are limited and on first-come-first-served basis, it added.

The domestic routes routes avaible for discounted fares include Bengaluru–Kochi, Delhi–Dehradun, Chennai, among others, while within the international sector, the sale offer comes for routes such as Chennai–Colombo routes, SpiceJet said

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Domestic airlines will operate 21% more flights in winter schedule

The approval to Air Pegasus schedule is in abeyance now as the airline operations are suspended
Total number of flights to increase 20.9% on a year-on-year basis
No addition to domestic flights at Mumbai airport
Domestic airlines to operate flights at 75 airports in winter 2016
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