Jet Airways Crisis: Employees seeks PM Narendra Modi intervention, want blueprint for revival
- 5 years ago
Jet Airways Crisis: Employees seeks PM Narendra Modi intervention, want blueprint for revival.
Jet Airways had sought emergency funding of Rs 400 crore from banks on Tuesday. The airline was forced to drastically scale down its operations this week due to shortage of funds to run its regular services on all routes. It was operating just five planes till it was shut down on Wednesday. In a statement, Jet Airways said that despite its very best efforts, it has been left with no other choice but to go ahead with a temporary suspension of flight operations. The airline was also in a discussion with leaders to infuse Rs 1,500 crore as an interim measure to continue its operations. In a BSE filing early this week, it had said that it was waiting for an emergency liquidity support from an SBI-led consortium of lenders to prevent further deterioration in its services.
Jet Airways had sought emergency funding of Rs 400 crore from banks on Tuesday. The airline was forced to drastically scale down its operations this week due to shortage of funds to run its regular services on all routes. It was operating just five planes till it was shut down on Wednesday. In a statement, Jet Airways said that despite its very best efforts, it has been left with no other choice but to go ahead with a temporary suspension of flight operations. The airline was also in a discussion with leaders to infuse Rs 1,500 crore as an interim measure to continue its operations. In a BSE filing early this week, it had said that it was waiting for an emergency liquidity support from an SBI-led consortium of lenders to prevent further deterioration in its services.