Curtains seem to be finally drawing on crippled Jet Airways as the once-leading carrier Thursday grounded its services to and from the East and Northeast regions as well as suspended its international operations for a day.
The drastic measure was announced after the airline informed the exchanges that it was forced to ground 10 more planes due to non-payment of rentals to the lessors.
Earlier in the day, the airline announced grounding of 10 more planes due to non-payment of rentals to the lessors.
"All Jet operations to and from the Eastern and Northeastern regions are suspended. Following this, there are no Jet flights to and from Kolkata, Patna, Guwahati and other airports in the region," said a travel industry source.
When contacted, Jet Airways said its Mumbai-Kolkata, Kolkata-Guwahati and Dehradun-Guwahati via Kolkata stand cancelled for Friday due to "operational reasons."
As of Thursday noon, the airline operated just 14 planes-- way down from 123 planes in operations at the peak.
"Similarly, 9W 676 from Dehradun to Kolkata via Guwahati has also been cancelled until further notice," Jet said in a statement, adding refunds are being processed.
According to industry sources, the airline now owes more than Rs 3,500 crore to passengers on account of flight cancellations alone.
The government rules stipulate an airline must have at least 20 planes for operating international operations.
Of the 14 aircraft that it is operated till Thursday evening, eight were wide-body B777s (seven) and an A330-- generally used for long-haul international operations.
The remaining six planes were three B737s, which are largely used for flying on domestic routes besides on short- haul international routes and the rest three are regional ATRs.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)