Jet fails to get interim funding, extends suspension of int'l flights

Jet Airways Chief Executive Officer Vinay Dube said on Monday the company has not received interim funding from lenders and would extend the suspension of international flights until Thursday.

The airline, which has debt of more than $1.2 billion, has had to ground over two-thirds of its fleet over unpaid dues to leasing companies.

"The current status of our engagement with the lenders and other related matters shall be placed before the board tomorrow morning, where the management will seek guidance from the board on the next steps forward. We will keep you updated on all critical developments," Dube said