Jet Airways on Wednesday announced temporary suspension of all its international and domestic flights, with the last flight operating between Amritsar and Mumbai.
In a filing before the Bombay Stock Exchange (BSE) and a statement to the media, the airline said it was informed by the State Bank of India (SBI), on behalf of the consortium of Indian lenders, that they were unable to consider its request for critical interim funding. “Since no emergency funding from the lenders or any other source is forthcoming, 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 on Wednesday,” it said.
