India's Jet Airways suspends operations after banks reject plea for emergency funds
Wednesday, 17 April 2019 Embattled Jet Airways said on Wednesday it was halting all flight operations after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.
Jet Airways, once India's largest private airline, is over a billion dollars in debt and has not paid its pilots and employees in weeks. It has also decided to pull its planes from the skies. Jayson Albano reports.
According to Reuters, Boeing cut 210 orders from its backlog after an Indian air career indefinitely cancelled flight operations.
India's Jet Airways cancelled their flights after lenders rejected an..
In a major setback to the lenders' revival/sale plan of the grounded Jet Airways, two operational creditors--Shaman Wheels and Gaggar Enterprises-- Monday moved... Mid-Day Also reported by •Sify •Firstpost
*New Delhi:* Insolvency proceedings against Jet Airways are likely to begin this week as a consortium of lenders led by the State Bank of India (SBI) failed to... Mid-Day Also reported by •Zee News •IndiaTimes
Shares of India's Jet Airways Ltd crashed to record lows on Tuesday, after a report that Hinduja Group and Etihad Airways may not invest in the cash-strapped... Reuters India Also reported by •Firstpost
State Bank of India-led consortium of lenders on Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal as they have not yet... IndiaTimes Also reported by •Sify •Firstpost