Jet Airways is in the limelight today. Closing yesterday at Rs.387.55, it opened today at Rs.395.15 and went on to hit an intra day high at Rs.408.80. It remains firmly in the green, up 2.5%.

The market is happy that the company has successfully completed its 5-year syndicated loan facility of US$150 million in the Gulf. The company has stated that the transaction was fully subscribed by banks spread across the Middle East region, from Dubai, Abu Dhabi, Bahrain and Doha-based financial institutions. The company has chalked out plans to turnaround over the next three years and it hopes that this loan will help it achieve this target.