{"id":269496,"date":"2019-04-18T05:40:20","date_gmt":"2019-04-18T05:40:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=269496"},"modified":"2019-04-18T05:40:20","modified_gmt":"2019-04-18T05:40:20","slug":"jet-airways-shut-down-temporarily-for-want-of-funds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jet-airways-shut-down-temporarily-for-want-of-funds\/","title":{"rendered":"Jet Airways shut down temporarily for want of funds"},"content":{"rendered":"<p>Mumbai: Jet Airways (India) Ltd flew its last flight on Wednesday night\u20149W 2502 from Amritsar to Mumbai\u2014after lenders declined to hand out emergency funds, bringing the curtains down on an era in which it broke into a state monopoly sector to become India\u2019s largest private airline at one point.<\/p>\n<p>It\u2019s unclear whether the airline will ever return to the skies, but if it does so, it will be under a new ownership structure.<\/p>\n<p>\u201cLate last night, Jet Airways was informed by the 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,&#8221; Jet Airways said in a statement on Wednesday. \u201cSince 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.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Jet Airways (India) Ltd flew its last flight on Wednesday night\u20149W 2502 from Amritsar to Mumbai\u2014after lenders declined to hand out emergency funds, bringing the curtains down on an era in which it broke into a state monopoly sector to become India\u2019s largest private airline at one point. It\u2019s unclear whether the airline will ever return to the skies, but if it does so, it will be under a new ownership structure. \u201cLate last night, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of Indian lenders, that they are unable to [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-269496","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=269496"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/269496\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=269496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=269496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=269496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}