The beleaguered airline, which is flying just six-seven aircraft on Saturday, has asked its lenders to grant some "interim funding"
The Jet episode raises many questions and the government of the day needs to answer them
Some passengers on Thursday night roughed up the reservation counter staff on learning of last-minute cancellations
Abu Dhabi-based airline wants Jet to boost ambitions for West Asia but its progress in this area has faltered
PMO holds emergency meeting to discuss the crisis; international flights remain suspended
Goyal quit as chairman of the carrier last month under a debt resolution plan that saw lenders taking control of the airline
Jet Airways has also been told to alert passengers about flight cancellations 48 hours in advance, Aviation Secretary P S Kharola said
As the crisis in the private airline deepened, the Prime Minister's Office has called an urgent meeting to discuss the situation, official sources said
Incidentally, the stake sale bid invited by the SBI- led consortium of bankers, which manages the day-to-operations of the airline, also closes by the end of the day Friday
Jet Airways, once India's biggest by market capitalisation, was forced to ground 10 more jets after it failed to pay lease rentals on time
On the revenue front, the gains for both, IndiGo and SpiceJet, will come in passenger growth, as well as, a rise in fares
Lenders yet to reach consensus, wait for new investors' plan
The troubled airline cancels all international flights due to cash crunch
The drastic measure was announced after the airline informed the exchanges that it was forced to ground 10 more planes due to non-payment of rentals to the lessors
Struggling to stay afloat, the full service carrier has already cancelled many flights on various routes
The development comes on a day when the continuity of its international operations also came under threat.
Jet Airways, which is currently under the management control of the SBI-led consortium of lenders, has been struggling to carry out operations as most of its fleet are grounded due to payment issues
The bidding norms allow Goyal to participate in the sale process.
Indian Oil Corp, for the second time, halted supply of fuel to Jet for a few hours on Wednesday over non-payment of dues
Lenders are reportedly awaiting EoIs from Air Canada & Delta Airlines, which are likely to submit their initial bids in the next two days.