India's Jet Airways suspends operations after banks reject plea for emergency funds
Wednesday, 17 April 2019 () Embattled Jet Airways said on Wednesday it was halting all flight operations after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.
Jet Airways, once India's largest private airline, is over a billion dollars in debt and has not paid its pilots and employees in weeks. It has also decided to pull its planes from the skies. Jayson Albano reports.
According to Reuters, Boeing cut 210 orders from its backlog after an Indian air career indefinitely cancelled flight operations.
India's Jet Airways cancelled their flights after lenders rejected an..
FILE PHOTO: A Jet Airways Boeing 737-800 passenger plane moves on the runway as a man walks past at an airport in New Delhi, India, August 27, 2018. REUTERS/Adnan Abidi (Reuters) - India is grounding..