Jet up 2% after settlement of dispute with pilots

The stock ended with a gain of 2% at Rs 263. The counter clocked a volume of around 191,723 shares on the BSE.
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(Updated at 1049 hrs)

Jet Airways India today climbed 5.05 per cent on the Bombay Stock Exchange, a day after the five-day-old stir by its pilots ended and the airline management reached a settlement with the agitators.

Shares of Jet Airways India surged 5.05 per cent to a high of Rs 270.40 on the BSE and 4.52 per cent on the National Stock Exchange to a high of Rs 270.25.

As part of the agreement reached between pilots and the management yesterday, a consultative group/body is to be put in place which would have at least two directors from the Board of Jet Airways, the Chief Executive Officer, two representatives from flights operations and five pilots.

The group would ensure a continuous process of dialogue between the management and the pilots.

Meanwhile, private air-carrier Jet Airways announced a 50 per cent discount on its total fare in economy class across all domestic flights.