One of India’s major airlines, Jet Airways, has announced it is temporarily halting flight operations on Wednesday after the carrier failed to secure the “critical interim funding” necessary for the company to remain afloat.
Jet Airways will operate the last flight on Wednesday as it cancels all its international and domestic flights, the airline said in a statement. It explained that it cannot afford to pay for fuel or other critical services to keep the operations going, as all its months-long attempts to seek both interim and long-term funding were in vain.
“Unfortunately, despite its very best efforts, the airline has been left with no other choice today but to go ahead with a temporary suspension of flight operations,” the statement reads.
Earlier this month, the airline’s fleet was significantly reduced to just five aircraft and forced to suspend international operations. On Wednesday, the Jet Airways website listed only 37 domestic flights and had an additional nine-page list of canceled flights, saying that the schedule was impacted by “operational reasons.”
For more stories on economy & finance visit RT’s business section
- India's Jet Airways suspending operations, no money to fly
- India’s Jet Airways suspends all operations
- Jet Airways suspends all flights after failing to find fresh funding
- Jet Airways suspends flights with airline close to collapse
- Jet Airways suspends all flights
- Jet Airways suspends all domestic and international flights amid financial meltdown
- Jet Airways, India’s Second-Largest Airline, Suspends Operations After Running Out of Money
- The riches to rags story of India's Jet Airways
- Overseas holiday plans go wrong as Jet Airways cancels flights