Sinking Indian airline company Jet Airways cancelled all it’s international flights for Thursday and Friday (11th and 12th April) due to scarcity of funds.
The company spokesperson said, “Jet Airways had proactively cancelled all west-bound long haul flights from India from Thursday until Friday morning.”
The company’s operating fleet is under 15 a the moment, and as per rules an airline needs to operate minimum of 20 aircraft within India to be eligible to operate international flights.
The company’s fleet mostly, Airbus A330s, Boeing 777s, 737-800 and ATRs operated to international destinations like London, Toronto, Singapore, Amsterdam, Paris and Bangkok.
Jet Airways is in the midst of a severe liquidity crisis that has affected its operations and resulted in the grounding of several of its aircraft. On Wednesday, India’s flight regulator de-registered seven Boeing 737-800 air crafts allowing its lessors to take the planes out of the country so that it can be leased to any other airline after the company failed to clear dues.
Again on Wednesday, the company faced another setback when Indian Oil Corp halted fuel supply to Jet Airways for a few hours over non-payment of dues. The airline has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans.