India's Second-largest Airline Runs Out Of Money
According to Business Insider, the Embattled Indian airline Jet Airways will temporarily shut down on Wednesday.
Reuters has reported that India’s second-largest airline has about $1.2 billion in debt and has been working for weeks to secure another loan to continue operations.
However, those discussions fell through, when state-run banks rejected Jet's $58 million request.
Jet operated both domestic and international service from India, including to London, Brussels, Amsterdam and Shanghai.