Jet Airways shares jump over 4% after insolvency resolution

Shares of Jet Airways jumped over 4 per cent after its insolvency resolution professional on Wednesday (May 13) invited fresh expressions of interest for the grounded airline.

The company’s shares gained 4.42 per cent to ₹21.25 on the BSE. On the NSE, it jumped 4.41 per cent to ₹21.30.

Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline. This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year.

The last date for submission of bid documents is May 28 and the final list of prospective resolution applicants will be issued on June 10, as per a public document.