News > Bankrupt, grounded Jet Airways is world's best performing airline stock

Bankrupt, grounded Jet Airways is world's best performing airline stock

Stock in Mumbai-listed Jet Airways India Ltd. has surged almost 150% this year.

Its runaway gains have market watchers scratching their heads, especially since Jet Airways is undergoing bankruptcy proceedings. A panel of creditors did approve a resolution plan last month, but that doesn’t guarantee a resumption of flights. Retail investors are the last ones to get anything out of bankruptcy, yet some are buying in the hope Jet will successfully emerge from a restructuring.