Failing to get an emergency funding of Rs 400 crore from the lenders, cash-strapped Jet Airways suspended its total operations temporarily from Wednesday night.
The full-service carrier, which started operations over 25 years ago, said in a statement that flight operations cannot be continued further without critical interim funding by the banks’ consortium headed by SBI. “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,” Jet said.
The Amritsar-Mumbai flight via Delhi was its last flight before bringing operations to halt on Wednesday night.
