Jet Airways shares on Friday rose nearly 5 per cent to Rs
374.40, a day after the company announced that has collaborated with Air
Seychelles to offer code-share flights on each other's network.
At 10:41 am, the Jet Airways stock was trading 4.28 per cent at Rs 372.40, outperforming the broader Nifty and the Sensex which were trading around 1.25 per cent up.
Code-sharing allows an airline to book passengers on its partner carriers and provide seamless transport to multiple destinations where it has no presence.
Air Seycehlles, which is the national carrier of the Seychelles, is partly owned by Gulf carrier Etihad Airways, which holds 40 per cent stake in the airline.
Etihad also holds 24 per cent equity in Jet Airways. The Mumbai-based airline has made Abu Dhabi as its overseas hub, after Etihad's strategic investment in the carrier.
At 10:41 am, the Jet Airways stock was trading 4.28 per cent at Rs 372.40, outperforming the broader Nifty and the Sensex which were trading around 1.25 per cent up.
Code-sharing allows an airline to book passengers on its partner carriers and provide seamless transport to multiple destinations where it has no presence.
Air Seycehlles, which is the national carrier of the Seychelles, is partly owned by Gulf carrier Etihad Airways, which holds 40 per cent stake in the airline.
Etihad also holds 24 per cent equity in Jet Airways. The Mumbai-based airline has made Abu Dhabi as its overseas hub, after Etihad's strategic investment in the carrier.
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