ADVERTISEMENT

Jet Airways Suspends All Flights As It Fails To Get Emergency Funds

Jet Airways crisis: Jet Airways has debt of more than Rs. 8,000 crore.
Jet Airways crisis: Jet Airways has debt of more than Rs. 8,000 crore.
Embattled carrier Jet Airways decided to temporarily suspend all operations from Wednesday night, the company said in a stock exchange filing. The move comes after lenders rejected Jet's request for additional funds. Late last night, Jet Airways was informed by the State Bank of India (SBI), on behalf of the consortium of lenders, that they were unable to consider its request for critical interim funding, Jet Airways said in the pres...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit