22,000 employees look to a bleak future while Jet flies into the night


NEW DELHI: After enraging against the light it had been erasing for several months, Jet Airways flew gently into the night on Wednesday – at least for now. India's oldest airline ended its operations after a 26-year journey, during which it flew 650 flights a day at its peak. The shutdown leaves a huge question mark about the future of more than 16,000 direct employees and 6,000 contractors.

Jet will return to heaven only if he finds a new buyer to revive him.

"Late Tuesday night Jet was informed by SBI on behalf of the consortium of Indian lenders that they can not consider their request for critical intermediary funding … the airline will not be able to pay for fuel or other critical services. keep operations running. Consequently, with immediate effect, Jet Airways is required to cancel all international and domestic flights. The last flight will operate on Wednesday, "Jet said in a statement sent to BSE late on Wednesday while announcing the temporary shutdown.

The airline Tuesday sent a final SOS to creditors for emergency funding of 983 crore to stay afloat.


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