Friday, 19 April, 2019

Jet Airways cancels ALL worldwide flights - chaos as furious passengers stranded

At its peak Jet Airways was operating nine services a day to and from Singapore three each from New Delhi and Mumbai two from Bangalore and one from Pune Jet Airways cancels all international flights for Thursday night, three domestic flights for Friday
Priscilla Morrison | 12 April, 2019, 04:44

Without Jet Airways, the reduced competition could result in higher fares for travellers between Singapore and India, experts said.

Jet Airways on Thursday suspended all its worldwide flights scheduled for Thursday after its 10 more aircraft were grounded due to non-payment of outstanding dues to lessors. This includes flights to London, Paris and Amsterdam.

Mumbai: With lessors grounding more Jet Airways (India) Ltd planes, the airline suspended all of its worldwide flights till Friday morning, even as a government official said the airline's eligibility to fly overseas might be reviewed given that its fleet size had fallen below the required minimum. "Following this, there are no Jet flights to and from Kolkata, Patna, Guwahati and other airports in the region", said a travel industry source. The Directorate General of Civil Aviation (DGCA) is yet to take a call but said it is monitoring the situation closely.

The government-owned investment bank said the revised last date for sending queries is 3 pm on Thursday and expressions of interest (EoIs) will be accepted till 6 pm on Friday (April 12).

SBI Caps has the mandate for Jet Airways' sale on behalf of the SBI-led consortium of domestic lenders to the debt-ridden private carrier.

More news: Durham Authorities Responding To Gas Leak Explosion That 'Shook' Downtown

The airlines permitted to fly on worldwide routes must have 20 aircraft in service.

The State Bank of India had on Monday offered up to a 75 per cent stake in Jet Airways for sale.

Daily Star Online has approached Jet Airways for comment.

The airline has grounded most of its fleet and has delayed payments to its pilots, suppliers and lessors for months. "Passengers are advised to contact their booking agent or the airline directly (info@jetairways.com) for available options", Changi airport tweeted on Thursday.

The Indian Oil Corporation (IOC) had also stopped fuel supply to Jet airways on Wednesday for a few hours due to non-payment of dues. Jet was expecting emergency funding of at least Rs 1,500 crore to be released by the lenders to meet its operational requirements after Goyal pledged his shares. The circular had mandated that banks take into consideration all stressed companies with loan exposure above Rs 2,000 crore even if they defaulted by a single day.

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