After the consortium of Indian lenders, led by the State Bank of India (SBI), refused to provide critical interim funding, Jet Airways suspended all flights yesterday. The airline said that it is unable to pay for fuel or other critical services to keep the operations going. In a statement, the airline said that the decision to ground the airline was taken after a “painstaking evaluation of all alternatives that were made available to the company and after receiving guidance and advice on the same from its Board of Directors”. The statement goes on to explain that the company has tried
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