Mumbai: After 25 years of treating Indians to the "joy of flying", Jet Airways, once the second-largest airline in the country, stopped all operations last night. Jet Airways temporarily grounded all flight operations after literally running out cash to pay for daily necessities such as aircraft fuel.
At 10:19 last night, Jet Airways Flight 9W2502 pushed back from a terminal gate at the Amritsar airport. A few minutes later, the flight, operated by a Boeing 737-800, took off for Mumbai. This is the last time a Jet Airways flight will take to the skies. For now.
Earlier on Wednesday, April 17, the Jet Airways board said it was taking the "very difficult" decision of temporarily grounding all flight operations as it had run out of cash. The airline, which had come to define premium service in the Indian aviation market, had asked a group of lenders led by the state-run State Bank of India (SBI) for emergency funding of Rs 400 crore.
The lenders, who own a majority stake in the airline, however, refused, saying they were focussing on a bidding process at the end of which they hope to find an investor who can infuse fresh funding in Jet Airways and turn the airlines around.
But for now, Jet Airways has hit deadly turbulence and has become the seventh Indian airline to bring the shutter down -- though temporarily for now -- in the last five years. And, around 20,000 employees stare at a bleak future.
The yellow jacket-clad ground staff you see in the video below have not been paid for months. The pilots of the plane in the video have not been paid for months. The invisible air hostesses who were on this flight -- Jet Airways's last for now -- have not been paid for months. And the executives of the airline have also not been paid for months.
18/04/19 India Today
To Read the News in full at Source, Click the Headline
At 10:19 last night, Jet Airways Flight 9W2502 pushed back from a terminal gate at the Amritsar airport. A few minutes later, the flight, operated by a Boeing 737-800, took off for Mumbai. This is the last time a Jet Airways flight will take to the skies. For now.
Earlier on Wednesday, April 17, the Jet Airways board said it was taking the "very difficult" decision of temporarily grounding all flight operations as it had run out of cash. The airline, which had come to define premium service in the Indian aviation market, had asked a group of lenders led by the state-run State Bank of India (SBI) for emergency funding of Rs 400 crore.
The lenders, who own a majority stake in the airline, however, refused, saying they were focussing on a bidding process at the end of which they hope to find an investor who can infuse fresh funding in Jet Airways and turn the airlines around.
But for now, Jet Airways has hit deadly turbulence and has become the seventh Indian airline to bring the shutter down -- though temporarily for now -- in the last five years. And, around 20,000 employees stare at a bleak future.
The yellow jacket-clad ground staff you see in the video below have not been paid for months. The pilots of the plane in the video have not been paid for months. The invisible air hostesses who were on this flight -- Jet Airways's last for now -- have not been paid for months. And the executives of the airline have also not been paid for months.
18/04/19 India Today
0 comments:
Post a Comment