Jet Airways plans to extend its suspension of international flights until Thursd...
- Jet Airways plans to extend its suspension of international flights until Thursday having not received any interim funding from lenders, the company said in a letter to employees on Monday.
In the staff letter, seen by Reuters, Chief Executive Vinay Dube said: “The interim funding has not been forthcoming thus far, and as a result of this we have extended cancellation of international operations through Thursday, April, 19.” Lenders, led by the State Bank of India , want a new investor to buy a stake of up to 75 percent in Jet and initial expressions of interest were submitted last week.
India’s civil aviation regulator, the Directorate General of Civil Aviation, said on Monday that lessors had applied to de-register a dozen more aircraft being operated by Jet Airways.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
India's Jet Airways cancels all international flights as lessors seize planesThe airline has run out of cash, forcing pilots to go without salaries for months.
Read more »
India’s Jet Airways is too frail to failPlanes are grounded, but a bankruptcy of the country’s once-top private carrier is unthinkable, especially as the nation votes. Related job and bank losses would be politically toxic. Even a well-structured out-of-court deal could yet leave New Delhi with a second state airline.
Read more »
India’s Jet Airways Makes Drastic Cuts as It Searches for InvestorIndia’s Jet Airways has drastically reduced operations as it looks for an investor to purchase a controlling stake in the airline and help reduce its mounting debt.
Read more »
Over 1,000 Jet Airways pilots not to fly from Monday due to unpaid salariesMore than a thousand pilots of India's debt-laden Jet Airways will not fly ...
Read more »
Over 1,000 Jet Airways pilots not to fly from Monday due to unpaid salariesMore than a thousand pilots of India's debt-laden Jet Airways will not fly ...
Read more »
Jet hits more turbulence as fleet shrinks and fuel terms tightenedJet Airways is fighting for survival as its fleet shrinks and some refiners tigh...
Read more »
Watch: Dubai airport welcomes Saudi jet with water cannon salute, breaks planeHoses on one of two fire engines malfunctioned as they attempted to form an arch of water over the Saudi Arabian aircraft.
Read more »