Jet Airways suspends all flights to and from Singapore until further notice

12 April, 2019, 12:23 | Author: Mary Valdez
  • Jet Airways Boeing 777-300ER'VT-JEW is currently grounded at Amsterdam Airport

Cash-stressed Jet Airways has announced that it has cancelled three flights scheduled for Friday (April 12) due to operational reasons.

Last month, the airline suspended in operations along as many as 13 worldwide routes till end-April.

The airline has reduced its fleet to just 14 planes as of Thursday noon, way down from 123 planes in operations at the peak. The airline was awarded routes such as Delhi-Bareilly, Delhi-Nashik, Indore-Hyderabad, Nagpur-Allahabad, Lucknow-Allahabad, Patna-Allahabad among various others but the airline's liquidity problems have forced it to operate on a skeletal schedule.

The airline, which was recently taken over by lenders led by SBI, saw its founder and chairman Naresh Goyal step down and cede control of the airline.

Singapore flights of Jet Airways have also been indefinitely suspended amid the ongoing cash crunch and lack of money to pay dues to the aircraft lessors, Singapore's Changi Airport said in a tweet. Just a few weeks ago, Etihad had made an offer to sell State Bank of India, Jet's largest creditor, its entire 24% stake in the airline.

"Similarly, 9W 676 from Dehradun to Kolkata via Guwahati has also been cancelled until further notice", Jet said in a statement, adding refunds are being processed.

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Meanwhile, PTI quoting aviation secretary Pradeep Singh Kharola said the ministry may review Jet's eligibility to continue its worldwide operations after it gets a report from the regulator.

The Indian government are investigating and watching Jet Airways' operational situation to ensure the airline complies with overseas flying rules, IANS reported.

Of the 14 aircraft that it operated till Thursday evening, eight were wide-body B777s (seven) and an A330- generally used for long-haul worldwide operations.

"Etihad Airways has also submitted bids for more stake purchase ahead of the 12 April deadline". "While the increased air fares are likely to support the profitability of the airlines in an environment of high costs, the impact on the passenger growth does not bode well for the industry", ICRA said. Its lenders are fervently looking for an investor for the airline.

"What all flights we can resume from Friday afternoon will depend on the lenders meeting their promise", a senior Jet official said.

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