Most global, internal flights suspended

A Jet Airways is India’s second-largest full-service airline. More

A Jet Airways is India’s second-largest full-service airline. More

Jet Airways, which is now controlled by the SBI-led consortium of lenders, has been on the verge of going belly up as most of its fleet are grounded due to payment issues. Industry sources suggest that Jet will be operating with only nine planes -two Boeing 737s and seven regional Jet ATRs - on Friday.

As of Thursday the airline operated just 14 planes- way down from 123 planes in operations at the peak.

Jet Airways had multiple daily flights from Heathrow to Delhi and Mumbai.

The Indian government are investigating and watching Jet Airways' operational situation to ensure the airline complies with overseas flying rules, IANS reported.

They also reported that India's aviation ministry may review the regulations setting the fleet cap that could allow the airline to resume global services.

Carriers in India must maintain a fleet of least 20 aircraft to continue to fly overseas. The Civil Aviation Ministry is awaiting a report from the regulator DGCA on the issue.

Jet Airways is India's largest private carrier and owes money to employees and suppliers.

From a high of about 120 aircraft, Jet Airways, which has struggled with declining profits in the past few years, is down to fewer than 30 planes. The Abu-Dhabi based airline is looking to increase its stake to 49 per cent.

A consortium of lenders led by the State Bank of India started the stake sale process on Monday.

The airline will not operate on the Bengaluru- Amsterdam-Bengaluru route on April 13 as well, the report said.

Mr Goyal quit as chairman of the carrier last month under a debt resolution plan that saw lenders taking control of the airline.

However, it is yet to be determined whether Etihad will take a majority stake in the airline.

Jet was until recently India´s second-biggest airline by market share but is close to going under with debts of more than $1 billion. It has grounded planes, laid off staff and trimmed unviable flights to stay afloat. "But what is worse is that the management does not communicate anything with us", a member of the Jet Airways Officers and Employees Association said.

The flight operations department has proposed changes to the crew duty pattern. "Please note that your connecting flights must have been booked and ticketed before 11 April 2019 and appear within the same reservation as your Virgin Atlantic flights". A source said duty allowances would not be cut due to changes in work pattern. Pilots have threatened to take legal action against the company if salaries and all other dues are not cleared.

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