The Indian Wire » Business » Cash strapped Jet Airways halts 13 more international routes till April end

Cash strapped Jet Airways halts 13 more international routes till April end

Jet Airways which has been facing cash crunch and is operating at just one fourth of its capacity has suspended 13 more international flight routes due to non payment of rental to lessors. Jet airways has already grounded more than 50 planes of its 119 plane fleet and has been cancelling many of its flights daily due to shortage of planes.

Now, carrier has halted many of its international routes till April end and has also reduced frequency over many overseas routes mostly from Delhi and Mumbai.

“… an additional seven aircraft including two planes of JetLite, have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements,” Jet Airways said in a filing to the stock exchanges on Friday.

As per sources, Pune-Abu Dhabi (seven flights a week) and Pune-Singapore (seven a week), are among the routes which are temporarily withdrawn by the carrier. Along with this,  the airline has discontinued services from Delhi to Abu Dhabi (nine a week), Dammam (14 weekly), Dhaka (11), Hong Kong and Riyadh (seven each a week) up to April 30, said the airline source.

Naresh Goyal led Jet Airways also said it is continuously engaged with its lessors and is also providing them all the updates regarding any kind of liquidity improvement.

The airline has also suspended services on the Bangalore-Singapore route, where it flies twice daily, till end of April. The flights which have been suspended from Mumbai for this period include services to Abu Dhabi (12 weekly), Bahrain (4-7 weekly), and Dammam (14 weekly).

Similarly, flights on the Mumbai-Hong Kong (7 weekly) route will be halted till April 30, while the Kolkata-Dhaka services have also been halted till April 30. In addition to this, services from Delhi and Mumbai to Kathmandu, Bangkok, Doha, Kuwait and Singapore have been also reduced significantly.

Jet Airways form last two months has been grounding planes and suspending many of its international as well as domestic routes owing to lack of liquidity.

Also read: Jet Airways halts its flying operations in Abu Dhabi citing operational reasons.

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