Mumbai: Former Jet Airways chairman Naresh Goyal is likely to submit initial bids for a stake in the airline on Thursday, sources said. With this, the airline's fleet is believed to have fallen below 20 aircraft, a number crucial for Jet Airways to retain its right to fly global.
Jet Airways has grounded more aircraft in its fleet.
Cash-strapped Jet Airways has for now suspended all its worldwide flights and continues to cut down on domestic operations, raising doubts about its survival.
Jet Airways said its Mumbai-Kolkata, Kolkata-Guwahati and Dehradun-Guwahati via Kolkata stand cancelled for Friday due to "operational reasons". Before the crisis began, the airline had a fleet of 119 aircraft.
The Times of India today reports that Jet Airways is now only operating 14 of its of its fleet of over 100 aircraft.
The pledge shares, estimated to value Rs 800 crore, was created on April 4 as "security for existing/ new borrowings" taken by the beleaguered airline, Jet Airways said in the filing to the BSE. AJet Airways spokesperson said that guests had been duly informed and that refunds are being processed.
Madonna to perform in Israel next month for the Eurovision Song Contest
Please stand with us on the right side of history to create a better world for all and cancel your performance at Eurovision . Israeli-Canadian philanthropist Sylvan Adams is picking up the $1.35 million tab "to try to add some glitz to the event".
Huh, So That's A Black Hole
Katherine Bouman had a secret: An algorithm she'd developed had stitched together a picture of a black hole . While Bouman's role in the task might be over she is already moving on to new challenges.
Wendy Williams Has Officially Filed For Divorce From Husband Kevin Hunter
In 2017, Williams told PEOPLE that Hunter had been a pillar of strength as she grappled with her diagnosis. She looks at the camera and moves her hands showing off a diamond flower ring instead of her wedding band.
Singapore flights of Jet Airways have also been indefinitely suspended amid the ongoing cash crunch and lack of money to pay dues to the aircraft lessors, Singapore's Changi Airport said in a tweet.
India would be reluctant to let Singapore Airlines, for instance, increase its services as this would reduce the influence of Indian carriers in the market, the experts said.
The government-owned investment bank said the revised last date for sending queries is 3 pm on Thursday and expressions of interest (EoIs) will be accepted till 6 pm on Friday (April 12). "But, supply stops whenever payment is not made and it's resumed as soon as payment is done", he said, explaining why the airline's fuel supply was cut three times in the last four days. It has been operating less than 20 planes on domestic routes.
Salaries to a section of the airline's staff, including pilots, engineers and general managers, have remained unpaid since January.
State-run banks have taken a temporary stake in the airline to keep it running, with lenders laying out terms for potential bidders for the carrier.