Jet Airways: All International And Domestic Flights Cancelled

CORPORATE

Last flight operating today, all other Jet Airways flight, domestic and international, cancelled with immediate effect.

As lenders rejected to provide another lifeline of Rs 400 crore today, Jet Airways was left with no other option but to ground operations at least temporarily. The airline has been on a wing and prayer since January.

Rs 1,500 crore into the airline is yet to fructify, the once leading airline has been defaulting on payments, forcing its lessors to retake almost all its planes and was operating just about six planes as of Tuesday.

The official announcement of grounding of operations made today evening after the Jet Airways board had Tuesday authorised chief executive Vinay Dube to make one last appeal to the SBI-led consortium to get a life-line of Rs 400 crore today, before taking a final call on the future.

Jet has become the seventh airline to go down since May 2014 and the 13th one after East West was shuttered.