The scrip which has been tumbling for the 11th consecutive day further plummeted 18.28 per cent to hit a multi-year low of 67.05 on the BSE.
The statement has come days after a section of Jet Airways staff claimed to have received assurance from the Minister for taking measures to resuscitate the carrier.
The cash-starved company suspended operations in April and lenders are working on ways for revival of the airline.
After hitting an all-time low of Rs 84.80 per share, Jet Airways' scrips closed 16 per cent lower on Thursday, a day after the exchanges decided to shift the security from Rolling Segment to Trade for Trade Segment.
Stock exchanges will impose restrictions on trading in Jet Airways shares from June 28 as part of preventive surveillance measures to curb excessive volatility, according to a circular.
Out of the fine amount, each pilot will get compensation of Rs. one lakh, each air hostess will get Rs. 50,000 and each passenger will be paid Rs. 25,000 for misery undergone by them.
The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on June 13 when it will decide on admitting or rejecting the bankruptcy pleas.
Even as the lenders and the employees hope against hope and expect a white knight to rescue the grounded Jet Airways, the airline's promoter Naresh Goyal, now deboarded from the pilot seat, knew weeks back that it was time to abandon the sinking ship.
Noting that the grounding of Jet Airways was "very sad", Ajay Singh said that internal factors and high costs were among the reasons for its failure
Former Jet Airways chief promoter Naresh Goyal and his wife Anita were offloaded from a London-bound flight and barred from leaving India this morning by immigration officials, sources said here on Saturday.
British carrier Virgin Atlantic Tuesday announced the resumption of its daily services to the city from London's Heathrow, starting October, after discontinuing its flights to the city four years back.
Shares of grounded Jet Airways surged nearly 15 per cent on Tuesday after diversified Hinduja Group said it is evaluating the opportunity to invest in the airline.
A Jet insider now estimates that the staff strength of the airline could have come down by half in over one month.
Unimpressed by IndiGo's suggestion to allot grounded Jet Airways' unused slots in proportion to the fleet size of rival carriers, the government has decided to give higher seat quota on foreign routes to the carriers launching flights on unserved sectors or those witnessing spike in air fares.
Around mid-April due to acute liquidity crisis, the airline temporarily seized operations. Most of the airline's board members have also quit in the last one month.
The State Bank of India-led consortium of lenders to Jet Airways Friday said it has received bids from Etihad Airways and from a few unsolicited parties to acquire stake in the grounded airline.
In Jet Airways' preliminary probe, Registrar of Companies RoC (Mumbai) told the MCA that it has found violation of Companies Act and unaccounted investments, official sources said, adding the natural way forward is an SFIO probe .
According to the International Air Transport Association (IATA), India's domestic air passenger volume -- measured in revenue passenger kilometres (RPKs) grew at 3.1 per cent in March, down from February's growth of 8.3 per cent and well off the torrid five-year average growth pace of close to 20 per cent per month.
HDFC, one of the lenders to the now-grounded Jet Airways has decided to put Mumbai-based prime office property of Jet Airways on sale airline failed to repay Rs 415 crore in April, a media report said.
Jet Airways' ex-Chairman Naresh Goyal has penned another emotional letter to employees, reigniting hopes of reviving the now defunct airline.
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