Jet Airways crisis deepens: Airline suspends 13 more international routes; only one-third of its 119 fleet operational
Jet Airways has also reduced frequencies on seven other overseas routes, mostly from Delhi and Mumbai
The planes are grounded due to non-payment of rentals, taking the number of such aircraft to 54
Jet Airways has reduced frequencies on seven other overseas routes, mostly from Delhi and Mumbai
The airline has now reduced its operations to one-fourth from over 600 daily flights earlier
Mumbai: Jet Airways, on the verge of going belly-up, has suspended operations on as many as 13 more international routes till end-April even as it grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54.
Besides, the airline has also reduced frequencies on seven other overseas routes, mostly from Delhi and Mumbai, according to airline sources.
"... an additional seven aircraft including two planes of JetLite, have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges late evening on Friday.
The company said that as mentioned earlier, it is actively engaged with all its aircraft lessors and is regularly providing them with updates on the efforts taken to improve the liquidity.
Earlier, sources said, routes where services have been temporarily withdrawn include Pune-Singapore (seven a week), which was launched with much fanfare late last December, and Pune-Abu Dhabi (seven flights a week).
Jet Airways has already suspended services on the Mumbai-Manchester route. Gasping for funds and no bailout on the horizon, the Naresh Goyal-controlled airline has now reduced its operations to one-fourth from over 600 daily flights earlier, with just one-third of its 119 fleet being operational.
The airline has discontinued services from Delhi to Abu Dhabi (nine a week), Dammam (14 weekly), Dhaka (11), Hong Kong and Riyadh (seven each a week) up to April 30, said the airline source.
Besides, the airline has also suspended services on the Bangalore-Singapore route, where it flies twice daily, till 30 April.
The flights which have been suspended from Mumbai for this period include services to Abu Dhabi (12 weekly), Bahrain (4-7 weekly), and Dammam (14 weekly). These services will remain suspended till April 30, as per the source.
Similarly, flights on the Mumbai-Hong Kong (7 weekly) route will also not be operated between 23 March and 30 April, while the Kolkata-Dhaka services have also been suspended till 30 April.
In addition to this, services from Delhi and Mumbai to Kathmandu, Bangkok, Doha, Kuwait and Singapore have been also reduced significantly.
With this, an epic 16-year-old dispute over support for airplane makers appears to be heading for an end, at least for now
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