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Jet airlines cancels worldwide flights as crisis deepens

Jet airlines appears to have suspended all its international flights, elevating fresh fears about the Indian airline’s survival.

This comes after the provider on Thursday grounded 10 more planes over unpaid costs to leasing firms.

providers in India should keep a fleet of least 20 plane to preserve to perform global services.

The airline, saddled with greater than $1bn (£765m) in debt, is searching for a monetary lifeline to avoid crumble.

diverse India media stated on Friday that Jet airlines had cancelled all worldwide flights, which encompass offerings to Europe and Asia.

In a statement on Thursday, Singapore’s Changi Airport stated Jet airways had “suspended its offerings to and from Singapore until similarly word”.

All Jet airways’ global flights scheduled to depart on Friday from Delhi – to Singapore, London, Amsterdam and to Kathmandu – are cancelled, the airport internet site says.

And consistent with the legitimate website for London’s Heathrow airport, Jet airlines’ Friday flights to Mumbai and Delhi will no longer perform.

Jet airways is India’s biggest personal service and owes cash to personnel and providers.

In current weeks it has grounded aircraft and cancelled hundreds of flights – disrupting passengers domestically and round the sector – as its economic strains grew.

The airline has greater than a hundred aircraft in its fleet, and flies on six hundred home and 380 global routes.

In a assertion to the Mumbai stock exchange late Thursday, Jet airways stated an “extra 10 plane have been grounded due to non-payment of quantities outstanding to lessors”.

The airline did now not reply to BBC requests for touch upon the size of its contemporary fleet or operations.

several local media stated the airline is now running 14 planes.

they also said that India’s aviation ministry may assessment the guidelines putting the fleet cap that could allow the airline to resume worldwide services.

Jet airlines founder steps down amid disaster
The riches to rags story of Jet airways
financial lifeline
The coins-strapped airline is chasing clean traders to keep flying.

A consortium of traders led via the nation financial institution of India (SBI) took manipulate of the airline in March.

The group is searching a brand new investor to collect a stake of up to seventy five% in Jet airlines. The deadline for bids have been extended to Friday, in line with reviews.

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