Cash-strapped Jet Airways on Saturday suspended services on thirteen international routes till April end.
The routes where services have been temporarily withdrawn include Bangalore- Singapore, Delhi-Abu Dhabi, Delhi-Dammam, Delhi-Dhaka, Delhi-Hong, Kong Delhi-Riyadh, Kolkata-Dhaka, Mumbai-Abu Dhabi, Mumbai-Bahrain, Mumbai-Dammam, Mumbai - Hong Kong, Pune-Abu Dhabi and Pune-Singapore.
Gasping for funds the airline has also reduced services on the Delhi - Bangkok route from 3 to 1 daily, Delhi - Kathmandu (4 to 2 daily), Delhi - Singapore (3 to 1 daily), Mumbai - Bangkok (3 to 1 daily), Mumbai - Doha (2 to 1 daily), Mumbai - Kuwait City (2 to 1 daily) and Mumbai - Singapore (3 to 1 daily).
According to media reports, Jet has a total debt of Rs 8,000 crore in addition to payables such as vendors' dues worth Rs 15,000 crore. Not only that, the airline has also lost ground in terms of market shares recently.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
