World’s Best-Performing Airline Stock Is Bankrupt Indian Carrier
- Shares in defunct Jet Airways are up almost 150% this year
- Creditors have approved resolution plan from two businessmen
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All airlines are feeling the coronavirus pinch but one that hasn’t flown since April 2019 after collapsing under a pile of debt is the world’s best performing -- at least from a share price point of view.
Stock in Mumbai-listed Jet Airways India Ltd. has surged almost 150% this year versus a 42% plunge in the 27-member Bloomberg World Airlines Index, which comprises the globe’s biggest carriers.