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A year after, Jet Airways' lenders and employees still await payments

The airline operated its last flight between Amritsar-Mumbai on April 17 last year as lenders turned down its demand for an emergency funding

Jet had shut its operations in April 2019 and was taken to the insolvency court two months after by its lenders.
Bankers believe given the current situation, a revival for Jet looks very difficult.

In the year since Jet Airways operated its last flight former employees and creditors have continued to wait for the payment of their dues, even as rivals have swooped in and acquired the airline’s aircraft and routes.   The airline operated its last flight between Amritsar-Mumbai on April 17, 2019, as lenders turned down its demand for emergency funding. The Naresh Goyal-founded airline, among the first private carriers to take to skies in 1993, collapsed under a mountain of debt and a cash crunch.   It has been under insolvency since June last with admitted ...