Cash strapped Jet Airways has announced temporary suspension of all operations after it failed to secure Rs 400 crore in emergency funding from the lenders. According to an official statement, the last flight will take off at 10:30 PM.
Jet Airways is staring at an imminent shutdown, which could be followed by insolvency, bringing an end to an episode in the Indian aviation history. The airline, which in its prime, flew 119 aircrafts was reduced to just five on its last day.
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REUTERS