Jet extends suspension of international ops till Monday

Jet Airways, facing its worst existential crisis in its over 25-year-old history, Friday extended suspension of its international operations till next Monday due to severe liquidity issues.

Incidentally, the stake sale bid invited by the SBI- led consortium of bankers, which manages the day-to-day RPT day operations of the airline, also closes by the end of the day Friday, after being extended by 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 airline had announced temporary grounding of its international operations for day-Jet was the largest international airline from the country till the financial crisis--when it had also suspended operations to the entire Eastern and Northeastern markets as Jet was forced to ground 10 more aircraft following default of lease rentals.

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

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

Jet was the largest domestic carrier operating in the international sector with a hub in Amsterdam, where a cargo agent had taken possession of an aircraft this on Tuesday demanding bill payment. This led to the cancellation of the Amsterdam-Mumbai flight that day.

Thursday Jet flights to London, Amsterdam and Paris from Mumbai, New Delhi and Bengaluru scheduled were cancelled for operational reasons," Je had said, adding it had also cancelled the Bengaluru-Amsterdam-Bengaluru flight Friday.

On the domestic front, all Jet operations to and from the Eastern and Northeastern states were suspended till further notice. Following this, there would no Jet flights to and from Kolkata, Patna, Guwahati and other airports in the region, travel industry source had told PTI.

Jet had also said its Mumbai-Kolkata, Kolkata-Guwahati and Dehradun-Guwahati-Kolkata flights stood cancelled till further notice due to "operational reasons."