Tell about Jet Airways Company ?

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Jet Airways was incorporated on April 1, 1992 as a private company with limited liability under the Companies Act. We commenced operations as an Air Taxi Operator on May 5, 1993 with a fleet of four leased Boeing 737 aircraft. We were granted scheduled airline status on January 14, 1995. Jet Airways became a deemed public company on July 1, 1996. On January 19, 2001, Jet Airways was reconverted into a private company. Jet Airways became a public company on December 28, 2004.

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. The company will offer 17,266,801 (1.72 crore shares) equity shares of Rs 10 each for cash at a price to be decided through the book-building process. It is learnt that the value of each share will be Rs 870. The IPO proceeds will essentially be used to fund its international expansion plans.

The price band of Jet Airways' IPO has been fixed between Rs 950 and Rs 1,125. The issue opens for bids on February 18 and closes on February 24. The total offer is for 1,72,66,801 equity shares of Rs 10 each for cash at a premium to be decided through a book-building process

Jet Airways IPO was subscribed 4.25 times on the first day of the offer. At 7:50 pm, a total of 7.32 crore bids were received on the first day. FIIs accounted for 69.93 per cent of the total issue and mutual funds accounted for 28.69 per cent of the total. Insurance companies accounted for 0.61 per cent of the total bids and FIs for 0.36 per cent.

Jet Airways signs lease agreement with South African Airways

Jet Airways launches its first inter-continental flight by linking Mumbai with London Heathrow by a non-stop day flight here on May 23, 2005.

Jet Airways executes purchase agreement with The Boeing Company, USA

Jet Airways is a major Indian international airline based in Mumbai. In October 2017, it was the second-largest airline in India after IndiGo with a 17.8% passenger market share

It operates flights to 67 destinations from its main hub at Chhatrapati Shivaji International Airport and secondary hubs at Indira Gandhi International Airport and Kempegowda International Airport. Incorporated in April 1992 as a limited liability company, the airline began operations as an air taxi operator in 1993. It began full-fledged operations in 1995 with international flights added in 2004

Jet Airways introduce an Inflight Safety Manual in Braille

The airline went public in 2005 and in 2007, it acquired Air Sahara. It became the largest carrier by passenger market share in the country by 2010, a position it held until 2012

Jet Airways signs pact with Gulf Air

Jet Airways was incorporated as a limited liability company on 1 April 1992, with capital investment obtained from Tail Winds, a company registered in Isle of Man

Jet Airways wins Avaya GlobalConnect Customer Responsiveness Award

2006

The airline was granted a scheduled airline status on 14 January 1995.[5] On 12 May 1994, all the shares were transferred to Tailwinds International, whose equity capital was held by Naresh Goyal (60%), Gulf Air (20%) and Kuwait Airways (20%).

Jet Airways has signed a special code sharing (SPA) agreement with American Airlines, the world's largest carrier, for India-US flights.

In October 1997, as per the directive of Ministry of Civil Aviation forbidding foreign investment in passenger airlines, Goyal took control of the entire company.[5] The airline launched its first international flight in March 2004 from Chennai to Colombo.

Jet Airways signs contract with CAE for Boeing 777 & Airbus A330 simulators

Jet Airways signs contract with CAE for Boeing 777 & Airbus A330 simulators

The company was listed on the Bombay Stock Exchange and became public company on 28 December 2004, with Goyal retaining 51% ownership of the stock.

Jet Airways wins three Avion global Awards for In-flight Entertainment

In January 2006,Jet Airways announced its intention to acquire Air Sahara for US$500 million in an all-cash deal; however, the deal fell through in June 2006. On 12 April 2007, the deal was back on track with Jet Airways agreeing to pay ₹14.5 billion (US$200 million)

Jet Airways to buy Sahara for $500 mn in cash

Jet Airways India Ltd has signed the Memorandum of Understanding (MoU) with Lufthansa Technik AG, Germany for A330/B777 Component Works, Personnel Assignment Services and Maintenance Management Services.