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Jet Airways Stares At Shutdown, Board Meets Today As Lenders Refuse Funds | Business Standard News

by business-standard.com posted 1month ago 9 views
Lenders fail to infuse emergency fund after a crucial meeting on Monday. : India’s first private airline Jet Airways is headed towards a total grounding and a decision could be taken as early as Tuesday after a meeting of its board of directors. Left with no cash, a seven-plane fleet and fuel to run operations only till Tuesday afternoon, the end is imminent, said sources close to the development. “Jet cannot be saved now. It’s on the ground,” another source in the know said.

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