After lenders refused Jet Airways request for Rs 400 crore infusion, the debt-ridden airline on Wednesday decided to shut down the operations temporarily, the company said in a regulatory filing. The last flight of the airline would be operated at 10:30 pm tonight. The airline was expecting the funding to come through, even as the lenders didn’t take a final decision yesterday on providing it with the emergency funds.
“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 today”, Jet Airways said in an exchange filing.
