India  
NewsR.in
> >

India's Jet Airways suspends operations after banks reject plea for emergency funds

Reuters 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.
0
shares
ShareTweetSavePostSend
 
Credit: Reuters Studio - Published < > Embed
News video: India's Jet Airways runs out of cash, shuts down

India's Jet Airways runs out of cash, shuts down 01:26

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.

You Might Like


Recent related videos from verified sources

India's Jet Airways runs out of cash, shuts down [Video]India's Jet Airways runs out of cash, shuts down

Jet Airways, once India&apos;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...

Credit: Rumble     Duration: 01:27Published

India's Second-largest Airline Runs Out Of Money [Video]India's Second-largest Airline Runs Out Of Money

According to Business Insider, the Embattled Indian airline Jet Airways will temporarily shut down on Wednesday. Reuters has reported that India’s second-largest airline has about $1.2 billion in..

Credit: Wochit     Duration: 00:44Published

India's Jet Airways Canceled All Long-Haul International Flights [Video]India's Jet Airways Canceled All Long-Haul International Flights

CNN reports that India's government has announced it will investigate Jet Airways' ability to operate following the airline's cancellation of several international flights. All long-haul services..

Credit: Rumble     Duration: 00:39Published

India Latest To Ban Boeing 737 MAX [Video]India Latest To Ban Boeing 737 MAX

FILE PHOTO: A Jet Airways Boeing 737-800 passenger plane moves on the runway as a man walks past at an airport in New Delhi, India, August 27, 2018. REUTERS/Adnan Abidi (Reuters) - India is grounding..

Credit: Wochit     Duration: 00:52Published

India Won't Allow Boeing 737 MAX In Airspace [Video]India Won't Allow Boeing 737 MAX In Airspace

BENGALURU (Reuters) - India will not allow U.S. planemaker Boeing Co’s 737 MAX aircraft to enter or transit its airspace after 1030 GMT, the ministry of civil aviation said on Wednesday, following..

Credit: Wochit News     Duration: 00:39Published


Recent related news from verified sources

Jet Airways suspends operations after banks reject plea for emergency funds

Embattled Jet Airways said on Wednesday it was halting all flight operations after its lenders rejected its plea for emergency funds, potentially bringing the...
Reuters India Also reported by •FirstpostSifyZee News

Nifty, Sensex slips as Jet woes seep through to banks

The Indian stock market slipped from record highs to trade slightly lower on Thursday, dragged by banking shares, as sentiments soured a day after debt-ridden...
Reuters India

India to temporarily allocate Jet Airways slots to rival carriers: official

The Indian government plans to form a committee to temporarily allocate takeoff and landing slots left vacant by the grounding of Jet Airways flights, a senior...
Reuters India Also reported by •FirstpostZee News

'Air India takeover of Jet will ensure lucrative routes'

Government-owned Air India can take over Jet Airways and get back the lucrative international/domestic routes if there are no white knight for the private...
Sify

Timeline: Jet Airways - How the 'Joy of Flying' airline's dreams soured

Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the airline that was once...
Reuters India

SpiceJet hires 500 employees, including 100 pilots from grounded Jet Airways; to give priority to those who lost jobs

Budget carrier SpiceJet Ltd said on Friday it will prioritise hiring employees of Jet Airways Ltd who are losing their jobs after the crisis-hit airline halted...
Firstpost

'Can't sleep at night': Despair grips Jet staff

Thousands of employees have been stung by the rapid unravelling of Jet Airways, which, saddled with more than $1.2 billion in bank debt, grounded all its planes...
IndiaTimes


Other recent news in Business

Seagram heiress CLARE BRONFMAN pleads guilty in New York sex cult caseU.S. HOUSING STARTS approach two-year low; permits weak
Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest