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Jet Airways suspends international flights, Modi calls for urgent meeting

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Christian Fernsby |
Jet Airways
Asia   Jet Airways

Jet Airways, facing its worst existential crisis in its over 25-year-old history, Friday extended suspension of its international operations till next Monday due to severe liquidity issues.


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, after being extended by two days.

The Indian prime minister’s office has called for an urgent meeting to discuss issues with debt-laden carrier Jet Airways, television news channels reported, citing sources.

The Principal Secretary to Prime Minister Narendra Modi will chair the meeting, the TV channels said.

Government officials have previously expressed concern about the loss of jobs at the airline and on the prospect of higher Indian airfares if Jet Airways collapsed.


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