Jet Airways Fails to Secure Funding and Suspends International Flights

India’s Oldest Private Carrier Suspends International Flights
Leaving  thousands of passengers stranded and employees unpaid

 

This morning Jet Airways, India’s oldest private carrier, announced that it failed to secure funding from its banks forcing them to suspend their international flights until April 19th. This announcement is the latest episode in in the saga of the airline’s financial struggles which has left thousands of passengers stranded and employees unpaid.

On the BBC program Talking Business with Aaron Heselhurst Mumbai correspondent Sameer Hashmi sites “the deterioration” of the Indian rupee and the “skyrocketing oil prices” as key factors in Jet Airways inability to keep operating costs down while lowering ticket prices.

Sameer Hashmi and Aaron Heselhurst discuss Jet Airways’ failure to secure leaving thousands of passengers stranded and workers unpaid.