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Jet Airways suspends operations

Jet Airways (9W, Mumbai Int'l) has announced that it will suspend all operations at the end of Wednesday, April 17, 2019, as it is unable to foot the fuel bills and other immediate expenses.

"Since no emergency funding from the lenders or any other source is forthcoming, the airline will not be able to pay for fuel or other critical services to keep the operations going. Consequently, with immediate effect, Jet Airways is compelled to cancel all its international and domestic flights," the airline said in a statement.

On April 16, a consortium of creditors led by State Bank of India declined the airline's request for an immediate injection of INR4 billion rupees (USD57.6 million) to avoid imminent grounding.

The airline added that it will "await the bid finalisation process by SBI and the consortium of Indian Lenders" and hopes to resume operations once new funding is available.

On the last day, the airline's fleet was down to just five ATR72-500s flying on regional routes from Delhi Int'l.

Meanwhile, the consortium...

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