The Jet Airways stock opened higher on Wednesday on news that Naresh Goyal-promoted Jet Airways has begun to formally discontinue its low-cost arm JetLite by rolling out full service products on all flights across its domestic network.
The stock closed 2.83 per cent higher at Rs 366.50 on the BSE.
"Starting today, Jet Airways will offer a two-class, full service product with a complimentary dining experience onboard all domestic flights," it said in a statement on Tuesday.The move is a part of a board-approved business plan announced in August to help the airline return to profitability.
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