NEW DELHI: Jet Airways will go gently into the good night on Wednesday when it stops all flights after almost 26 years of operations. India’s longest-serving private carrier may now take to the skies only if a new buyer is willing to infuse funds into the airline.
The airline, which started flying on May 5, 1993, had on Tuesday sent one last request to lenders seeking Rs 983 crore as emergency funds + to remain afloat.
“Late (Tuesday) night, Jet Airways was informed by State Bank of India (SBI), on behalf of the consortium of Indian Lenders, that they are unable to consider its request for critical interim funding … the airline will not be able to pay for fuel or other critical services to keep the operations going. Consequently, with immediate effect, Jet Airways is compelled to cancel all its international and domestic flights. The last flight will operate Wednesday,” Jet said in a regulatory filing to BSE on Wednesday night.
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