Jet Airways share price has fallen 62.42% over last one year lost 16% since beginning of this year. Jet Airways has been facing financial distress for long due to grounding of over 40 of its aircraft till now leading to cancellation of its flights.

The SpiceJet share price surged in trade today amid a report that the Ajay Singh-owned carrier is planning to buy as much as 40 aircraft of Jet Airways from lessors.

With Etihad Airways looking to exit the beleaguered Jet Airways, lenders are set to re-initiate talks with the Tata Group as a possible new investor in the Indian airline.

On February 14, the troubled airline Jet Airways announced a bank-led provisional resolution plan (BLPRP) that detailed the plans of Jet's lenders, led by SBI, to take over the airline, and appoint a new board to revive the struggling carrier.

Jet Airways share price fell up to 3.64% to 236.70 compared to the previous close of 245.65 on BSE. Jet Airways share price has been falling for the last two days and fallen 3.49% during the period.

Jet Airways share price opened with a gain of 2.16% at 253.40 on BSE today.

Jet Airways has a debt burden of more than Rs 8,000 crore and has been looking at various ways to raise funds.

Board of directors of Etihad, which currently owns a 24 per cent stake in the domestic carrier, will meet later in the day to decide on fund infusion into the airline. The Jet Airways share price rose 4.69% to 254.50 compared to the previous close of 243.10 on BSE.

Jet Airways' lenders have worked out a survival plan. Will it work?

Jet Airways share price rose 6.33% to 236.90 compared to the previous close of 222.80 on the BSE.

Jet Airways share price stands at its one week low at 225 points compared to Rs 215 on February 15 with a volume of 294,346.

Shareholders of Jet Airways have approved conversion of loan into shares and other proposals during the Extraordinary General Meeting (EGM) on Thursday.