Jet Airways stock ends 2pc down

Shares of Jet Airways today fell nearly 2 per cent after shedding morning gains.

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE. After opening at Rs 623, the stock had touched an intra-day high of Rs 632.25.

On NSE, the shares dived 1.53 per cent to close at Rs 603.60. The shares had opened at Rs 617.90 and touched a high of Rs 632.55 during the day.

On the volume front, 3.79 lakh shares were traded on BSE, while a little over 70.43 lakh scrips changed hands on NSE.

Jet Airways will purchase 75 narrow body Boeing 737 planes worth nearly USD 8.8 billion as the airline seeks to bolster its presence in the fast growing domestic aviation market.

Already, the full service carrier has an order for 75 Boeing 737 MAX aircraft and their delivery is scheduled to start by July-August this year.

The current listing price of a Boeing 737 MAX 8 aircraft is USD 117.1 million, according to the Boeing website. Based on this rate, the cost of 75 such planes would be around USD 8.8 billion.