Jet Airways plans to extend its suspension of international flights until Thursd...
- Jet Airways plans to extend its suspension of international flights until Thursday having not received any interim funding from lenders, the company said in a letter to employees on Monday.
In the staff letter, seen by Reuters, Chief Executive Vinay Dube said: “The interim funding has not been forthcoming thus far, and as a result of this we have extended cancellation of international operations through Thursday, April, 19.” Lenders, led by the State Bank of India , want a new investor to buy a stake of up to 75 percent in Jet and initial expressions of interest were submitted last week.
India’s civil aviation regulator, the Directorate General of Civil Aviation, said on Monday that lessors had applied to de-register a dozen more aircraft being operated by Jet Airways.
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