New Delhi: Jet Airways has decided to cancel its services on overseas routes till Thursday, April 18, the beleaguered airline’s CEO Vinay Dube said in a statement to employees on Monday. The airline’s board will also meet on Tuesday to discuss the next step for the carrier.
“As you are aware, we have been working with the lenders to secure interim funding for our operations. The interim funding has not been forthcoming thus far, and as a result of this we have extended cancellation of international operations through Thursday, April 18,” Dube reportedly said in a statement.
He added,”The current status of engagement with the lenders and other related matters will be placed before the board Tuesday morning to seek guidance on the next steps.”
The decision was taken following the non-receipt of funds from its lenders, who have now management control of the airline following a debt-restructuring plan last month.
On Friday, the airline had cancelled international operations for April 12 to 15. On Sunday, it extended cancellation of West-bound flights — to and from Amsterdam, London and Paris — until April 16. This is the third time the airline has extended suspension of international flights.
Earlier in the day, Jet Airways management and lenders held marathon meetings to resolve the financial crisis.
At present, Jet is operating only seven aircraft for domestic operations due to the grounding of over 80 per cent of its fleet by lessors.