Last Jet Airways flight takes off from Amritsar
Business | Apr 18, 2019, 09:40 AM ISTJet Airways has shut down its operations temporarily. Amritsar-Mumbai flight took off at 10:20 pm on Wednesday night.
Jet Airways has shut down its operations temporarily. Amritsar-Mumbai flight took off at 10:20 pm on Wednesday night.
All Jet Airways flight, domestic and international, cancelled with immediate effect. The last flight will operate today.
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As concerns persist on higher air ticket prices, the Directorate General of Civil Aviation (DGCA) Tuesday held a meeting with representatives of airlines, the official said. Airlines were advised to continue to monitor at their level and provide information to the DGCA to keep fares low as far as possible, he noted.
As the crisis-hit airline's board is meeting here, reports said the carrier might be temporarily suspending its operations due to cash crunch.
Prabhu has also asked Civil Aviation Secretary Pradeep Singh Kharola to take necessary steps to protect the rights and safety of passengers.
Jet Airways' troubles don't seem to getting over anytime soon. With no funds coming from lenders, the beleaguered airline has extended suspension of its international operations till April 18.
Amid an unprecedented crisis in Jet Airways, airfares in India are continuously skyrocketing ever since the cash-strapped airline suspended its domestic and international flights.
Jet Airways has been operating less than 50 flights per day with a fleet of six to seven planes.
It will be a crucial day for the cash-strapped Jet Airways on Monday when a meeting of the SBI-led lenders' consortium with the airline's management would take place.
Jet Airways pilots body, the National Aviator's Guild (NAG), Sunday deferred its "no flying" call to a later date, particularly when the management is scheduled to meet the lenders on Monday.
Around 1,100 pilots belonging to crisis-hit Jet Airways' pilots body National Aviator's Guild (NAG) have decided not to fly from 10 am Monday in protest against "non-payment of salary dues, a source said Sunday.
Employees of cash-strapped Jet Airways Saturday protested outside Terminal 3 of the Indira Gandhi International Airport here seeking release of pending salaries.
Jet Airways is currently operating only about 14 aircraft down from 26 last week. As per rules, an airline needs to have minimum 20 aircraft to be eligible to operate international flights.
Last month, the pilots' union had decided to go on mass leave to protest non-payment of salaries, but had postponed it till April 15.
The scrip gained 3.14 per cent to close at Rs 264.10 on the BSE. During the day, it jumped 5.38 per cent to Rs 269.85.
State Bank of India (SBI) Monday invited bids for stake sale in ailing Jet Airways. SBI, which is the lead lender of a consortium of domestic lenders that has extended loans to Jet Airways, is looking for "change in control and management" of the carrier, according to a public notice.
Official sources in the Finance Ministry said that banks have informed the ministry that they were not ready to wait endlessly to restore health of the beleaguered airline and if attempts to bring in a strategic investor fails or is not completed by June 30, lenders may immediately initiate bankruptcy proceedings against Jet.
Indian Oil Corporation (IOC) resumed aviation fuel supply to Jet Airways after airline assured of payment on Friday.
Indian Oil Corporation (IOC) stopped fuel supply to the struggling carrier Jet Airways for non-payment on Friday.
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