Jet Airways cancel all international flights till Monday

New Delhi : Facing the worst phase in its 25-year-long carrier, the Jet Airways has cancelled all its international flights till Monday due to severe liquidity issue.

Incidentally, the stake sale bid invited by the SBI-led lenders which manage the flights day to day operations has also ended on Friday evening. It was extended for two days.

Airline founder Naresh Goyal, the UAE carrier Etihad Airways, Air Canada and the country’s national investment fund among others are reported to have submitted bids, according to media reports.

On Thursday, the company announced the temporary grounding of airplanes on International routes till Monday.

“Jet has decided to extend suspension of its international operations till Monday, due to severe cash crunch,” airline sources told PTI Friday.

This has left Jet with no large aircraft while it had just 14 planes for domestic operations as of late Thursday.

Saying that the airline was working to minimise guest inconvenience, a Jet Airways spokesperson said, “...The airline’s management and its key stakeholders including its consortium of lenders, continue to work closely towards resolving the current situation.”