On April 16, 2019, Jet Airways management for one last time tried engaging with the lenders to pump in INR 1500 crores (USD 217 million) so that Jet Airways can continue operating a few flights till the bidding process is completed. But lenders played hardball and didn’t want to pump in more money till the bidding process is completed.
Jet Airways will temporarily suspend operation from tonight (April 17, 2019) after 25 years of flying. As no interim funding has come in, Jet Airways is forced to suspend flight operations as it has no cash left even to operate the handful of flights it was operating.
Passengers who are currently booked on Jet Airways will be duly informed as mentioned in the letter. The bidding process will conclude on May 10, 2019, and it will be up to lenders and successful buyer to start normal operations as soon as possible.
In a fortnight, Jet Airways would have celebrated 26 years of flying. It is sad to see an airline which many of us are so attached to suspend operations even if temporarily. Many of us have fond memories of Jet Airways like the first flight on an aeroplane, first flight in business class, first international flight and so-on. It is a heartbreaking moment for thousands of us.
Let’s hope Jet Airways starts flying as soon as possible.