Delay in interim funding reduces Jet Airways operations to a trickle

New Delhi: A delay in interim funding, amid lender-driven stake sale and bailout plan, has cost Jet Airways (India) Ltd dear.

On Thursday, Jet Airways grounded 10 more flights due to non-payment of dues to aircraft lessors even as bidding process for up to 75% stake in the airline continued.

Jet Airways now is operating about 70 flights a day compared to over 600 flights that it used to fly daily before the financial crisis struck more than six months ago.