Friday 19 April 2019
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business-standard - 4 days ago

Jet says international ops to remain grounded till Apr 18

Jet Airways Monday said its services on overseas routes will remain grounded until April 18, even as the lenders failed to take a call on extending an emergency funding to the airline. In an internal communication, chief executive Vinay Dube also said the airline s board will meet Tuesday to discuss the next step for the carrier. This is the third time that airline has extended suspension of these flights, which was first announced for last Thursday. We have extended cancellation of international operations through Thursday, April 19, Jet Airways chief executive Vinay Dube said in a communication. But it later clarified that the extension was to run through April 18. Dube said the decision was taken following the non- receipt of funds from its lenders, who have now management control of the airline following a debt-restructuring plan last month. We have been working with the lenders to secure interim funding for our operations. The interim funding has not been ...


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