Jet Airways suspends all air operations

The Indian airline company Jet Airways has announced the suspension of all its national and international activities. All flights will be canceled as of today, April 17th.

This comes after the airline had already immobilized most of its fleet and temporarily canceled large amounts of flights, including all international services.

The carrier founded in 1992, which until recently was the second largest airline in India, is experiencing serious financial problems and has failed to secure emergency financing from its main lender, the State Bank of India (SBI). Jet Airways had a debt of more than 1.2 billion US dollars. He was unable to pay the salaries of many of his employees (including pilots), as well as the cost of renting most of his aircraft, maintenance costs and fuel expenses. As a result, much of the airline's fleet has not been flying for weeks and thousands of flights have been canceled.

At present, it is unclear whether Jet Airways will be able to resume operations. A consortium led by the State Bank of India is in active talks with several parties about a sale of up to 75% of Jet Airways' stake.

To date, Jet Airways operates fewer than 10 aircraft; down from 124 in December.

This is a story in development. Updates to follow.