 |
"Operations of Jet Airways Temporarily Stalled"!
|
The operation of the aircraft has temporarily stalled due to non-availability of Jet Airways funds. Due to financial constraints, Jet Airways has announced the closure of the facility temporarily. After refusing to provide an Emergency Fund of Rs 400 crore by banks, the company said that all domestic and international flights are being canceled with immediate effect.
The company lacks funds for fuel and other expenses. However, the company has expressed hope that it will soon be able to serve the passengers. Five companies of the company stuck in heavy debt were left in operation at this time. The 25-year-old airline company has a debt of more than eight thousand crore rupees.
EmoticonEmoticon