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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.
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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.

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