Jet Cancels Overseas Flights Till Thursday As Funding "Not Forthcoming"

Jet Airways international operations have been cancelled till Thursday, April 18, the company's CEO Vinay Dube said in a statement to employees today as it seeks interim funding of Rs 1,500 crore from group of lenders headed by the State Bank of India. "As you are aware, we have been working with the lenders to secure interim funding for our operations. The interim funding has not been forthcoming thus far, and as a result of this we...