Economy

Jet Airways fleet down to 12, global flights curtailed

Jet Airways fleet down to 12, global flights curtailed

Mumbai: In an indication of a possible hard-landing, crippled Jet Airways on Thursday indefinitely suspended operations to the Eastern and Northeastern states after its active fleet came down to just 14, a travel industry source said. Jet had over the last few months suspended operations to more than 15 short haul worldwide destinations in the Gulf, south east Asia and SAARC countries.

Passengers are now stranded across the world, with many claiming to not have had any further information about their cancelled flights, or what to do next.

In a regulatory filing, Jet Airways said 10 more of its aircraft have been grounded over non-payment of lease rentals, taking the total number of grounded planes to 79. "Jet Airways had proactively cancelled all west-bound long haul flights from India from Thursday until Friday morning", reported news agency Reuters quoting a company spokesman.

Mumbai: With lessors grounding more Jet Airways (India) Ltd planes, the airline suspended all of its worldwide flights till Friday morning, even as a government official said the airline's eligibility to fly overseas might be reviewed given that its fleet size had fallen below the required minimum. "But, supply stops whenever payment is not made and it's resumed as soon as payment is done", he said, explaining why the airline's fuel supply was cut three times in the last four days.

In a separate statement, Jet said a flight from Mumbai to Kolkata, from Kolkata to Guwahati and from Dehradun to Kolkata via Guwahati have been cancelled.

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"As Jet's operations have shrunk significantly, the original bank guarantee will suffice for the dues unlike Kingfisher which had a huge liability". The Directorate General of Civil Aviation (DGCA) is yet to take a call but said it is monitoring the situation closely. Cancellations have disrupted millions of travellers over the past few months.

In additional changes to its global inventory, Jet Airways closed reservations for Chennai-Paris, Delhi-Amsterdam-Toronto, Delhi-Kathmandu, Delhi-Singapore, Mumbai-Colombo, Mumbai-Paris and Mumbai-Singapore, till April 12. But only about Rs 250 crore has come in.

Jet needs urgent cash to survive.

It owes various lenders 8,000 crore rupees (S$1.6 billion). As of Thursday night, there was no decision on part of the lenders to release money, said a person in the know. A Jet spokespersonsaid the flight was cancelled and passengers re-accomodated.