Debt-ridden Jet Airways on Friday suspended all international operations till next Monday due to severe liquidity issues, reported news agency Press Trust of India citing sources. Incidentally, the stake sale bid invited by the SBI-led consortium of bankers, which manages the day-to-operations of the airline, also closes by the end of the day Friday, after being extended by two days. Airline founder Naresh Goyal, the UAE carrier Etihad Airways, Air Canada and the country”s national investment fund among others are reported to have submitted bids, according to reports.
Earlier in the day, the government said that it would investigate Jet Airways’ ability to fly.
Civil Aviation Minister Suresh Prabhu said in a tweet that his ministry would “review issues related to Jet Airways” and “take necessary steps” to minimise passenger inconvenience and ensure their safety.
The Mumbai-based airline with more than $1.2 billion of bank debt, is fighting for survival as it also owes money to lessors, suppliers, pilots and oil companies.
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