Indian government to probe Jet miseries as airline teeters
What's jetting the Jet
The announcement came after Jet cancelled most of its international flights on Thursday and as lenders desperately seek a buyer to keep the beleaguered airline running.
Reuters
Critical time ahead
Aviation minister Suresh Prabhu tweeted that his ministry would "review issues related to Jet Airways" and "take necessary steps to minimise passenger inconvenience and ensure their safety."
Reuters
Burdened by debt
The Mumbai-based carrier has been forced to ground the majority of its fleet after months of defaulting on loans and struggling to pay lessors and staff.
It told the Bombay Stock Exchange on Thursday that it had grounded 10 more planes due to non-payment.
AFP
Not fully operational
That is below the 20 required by Indian aviation regulators to fly overseas.
Thousands of customers have been stranded in recent weeks after hundreds of flights were cancelled, in some cases with little or no notice.
All of Jet's long-haul flights were cancelled on Thursday, including to London, Paris and Amsterdam. They were due to run later on Friday.
Thursday and Friday services to Colombo and Singapore were also cancelled.
BCCL
Give us our money back!
Any interested parties will then have until April 30 to make a formal bid.
Several airlines, including Etihad, are interested in bidding according to reports.
The consortium took control of Jet Airways last month after creditors injected $218 million of "immediate funding support" as part of a debt resolution plan.
Reuters
Naresh Goyal stepping down
Goyal has also not given up hope of retaking control of the airline, papers say, although it is unclear that he would be able to put the necessary funds together.
PTI
