JET AIRWAYS HAS SHUT DOWN OPERATIONS
DELHI – India’s Jet Airways has operated its last flight Wednesday evening, the airline reports. The ailing company has serious financial problems and a request with the State Bank of India (SBI) has been rejected.
The problems at Jet Airways have accumulated in recent weeks. Salaries were not paid, angry lease companies claimed leased aircraft. As a result the airline’s problems became too big to handle.
For example, a lot of flights from Europe to Canada and India were cancelled. Worldwide Flight Services (WFS) – one of the world’s leading ground handling organisations – forced aircraft to be grounded at airports due to unpaid bills, and fuel suppliers also discontinued their services to Jet Airways.
At this moment there is still no bankruptcy application, since negotiations are still taking place behind the scenes with potential investors. The big question is; will these negotiations end on time successfully to save Jet Airways? The deadline has been set for May 10, 2019.
(Top photo: from JERRY TAHA AVIATION video)
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