Last week, Jet Airways announced it was forced to impose a temporary shutdown and suspend all flight operations after 25 years.
The announcement came last Tuesday following an announcement from the State Bank of India. The bank announced, on behalf of the consortium of Indian Lenders, it would not consider the airline’s request for critical interim funding.
According to a statement from the airline, it spent months looking for alternate means of interim and long-term funding. Finally, with a lack of funds to continue critical operations, like maintaining aircraft and purchasing fuel, it was forced to shut down.
Services related to passenger support and bringing flight operations back online in the future are being maintained.
To stay in contact with customers regarding flights, the airline reached out via text message and email.
“Jet Airways sincerely and profusely apologises for the disruption to the travel plans of all its guests. The airline would like to thank them for their continued patronage, support and loyalty over the years,” read a statement online.
There is no clear timetable to bring flight operations back to one of India’s formerly biggest airlines. The airline’s next step is to wait for the conclusion of a bid finalization process from the bank. That process will conclude 10 May, and the airline’s destiny will become more certain depending upon the result.
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