Jet Cancels Overseas Flights Till Thursday As Funding "Not Forthcoming"

16 Avril, 2019, 08:24 | Auteur: Auguste Feret
  • Could Etihad support seven daily flights to the UK

Lenders are unlikely to extend any interim funding for Jet Airways as of now, sources told CNBC-TV18 on Monday, adding that they will weigh the seriousness of bids received before firming up on plans on funding. With no funds coming from lenders, the beleaguered airline has extended suspension of its worldwide operations till April 18.

Jet Airways board will meet tomorrow morning on the current status of engagement with the lenders and other related matters shall be placed before the board where the management will seek guidance from the board on the next steps forward.

The airline on Sunday said it has extended the cancellation of its west-bound flights - to and from Amsterdam, London and Paris - until April 16.

"The proposed equity conversion by banks, if any, will be undertaken as a transitory mechanism to facilitate the bidding-cum-sale process", the State Bank of India (SBI) said in a statement on Monday. The latest meeting with lenders on Monday too remained inconclusive.

In a damage control exercise, the bank said that necessary support to facilitate the process was being extended by the lenders in the consortium. "Feel exploited. Going to other airlines at a salary cut".

Alexander Ovechkin knocks out Andrei Svechnikov
Ovechkin's Washington Capitals now lead their first round playoff series with the Carolina Hurricanes 2-0. Micheal Ferland also went to the locker room after a hit on forward Tom Wilson.

Tomb Raider 2 : Alicia Vikander va retrouver Lara Croft
Amy Jump , qui a adapté High-Rise avec Tom Hiddleston, écrira le second volet du film qui a été rebooté l'an dernier. Pour le moment nous ne connaissons ni le réalisateur/réalisatrice du film, ni même la date de sortie.

Maple Leafs slide Nylander to center vs Bruins
The referees, the way they reffed the game - let a lot of stuff go, obviously. "You've got to stay patient", the 21-year-old said. We're really at a cross roads here, is Nazem Kadri the Next Tom Wilson? Kadri made his bed and now he has to sleep in it.

With delay in fund infusion, Jet's operations have been shrinking.

At present, Jet is operating only 7 aircraft for domestic operations due to the grounding of over 80 per cent of its fleet by lessors owing to non-payment of dues, IANS report added.

The airline had more than 120 aircraft operating a year ago, but competition from low-priced carriers such as IndiGo and SpiceJet Ltd, together with high oil prices, hefty fuel taxes and a weak rupee have lately piled on pressure.

The unpaid employees of the airline have taken out silent marches in New Delhi and Mumbai. Earlier on Monday, Jet's pilots and engineers also gathered at its office in Mumbai demanding answers.

Conseillé:



Populaire

Four people killed in Penticton
He said more than 30 officers were involved in the response to the shootings and a sweep did not find any other victims. He says the suspect turned himself in after Monday's shooting and said the attack was "targeted".

LSU reinstates coach Wade after NCAA meeting
The reports alleged Wade could be heard discussing a "strong-a- offer" for an LSU recruit, believed to be Javonte Smart. Protecting LSU and preserving our integrity must always be our first priority.

Suspect in killing N.Korean Kim stepbrother to be freed
Her alleged accomplice, Siti Aisyah, was freed in March after prosecutors also dropped the murder charge against her. Defense lawyers have maintained the women were pawns in an assassination orchestrated by North Korean agents.

Washington Capitals vs. Carolina Hurricanes - 4/13/19 NHL - Playoffs Pick, Odds, and Prediction
The Canes settled in during the second period and outhshot Washington 11-4, setting the stage for the third-period rally. Alex Ovechkin capped it off to give the Capitals a 3-0 lead after the game's first 20 minutes.

Dog Rescued 137 Miles From Shore in Gulf of Thailand
The dog was said to have been in good spirits when he arrived on land to be taken to the vet. At first, the aspin was drained and listless, exhausted from being in the water for so long.

Are Jaime's days numbered on 'Game of Thrones' Season 8?
My solemn guess is that the last act will be everyone preparing for battle...which will be the giant-sized Episode 3. Then, of course, she had to tell him about his brother, which was not happy news for Sam at all .

Suspect was looking to kill
According to a criminal complaint, the boy and his mother were outside the Rain Forest Cafe when Aranda came up close to them. He said that he had planned to kill an adult as they usually stand near the railing, but chose the young victim instead.

Is Meghan Markle writing her own Instagram captions?
While we are all eagerly awaiting the arrival of Meghan and Harry's baby, some royal fans believe baby Sussex has already arrived!

How the major US stock indexes fared Friday
Anadarko Petroleum shares surged 32.01% in the session after it agreed to be bought by Chevron in a $33bn cash and stock deal. The S&P financial index rose 2.3%, providing the biggest boost to the main index, while the S&P banks index gained 2.9%.

Billionaire Jack Ma again endorses extreme overtime culture as furore rages
One user commented on the discussion forum Zhihu: "Most of today's companies are machines that can not stop running". Users uploaded screenshots of conversations in which they were asked to work late in the evening.