Jet Airways international flights remain grounded after the ailing Indian carrierfailed to secure interim funding from its lenders.
The airline extended the cancellation of its international operations until Thursday, Jet Airways chief executive Vinay Dube confirmed in a letter to staff, the Times of India reported.
A board meeting is due to be held today after he admitted that interim funding had “not been forthcoming thus far”.
All options are reported to be under consideration, including a temporary shutdown.
“Please note that the current status of our engagement with the lenders and other related matters shall be placed before the board in the meeting scheduled for tomorrow morning, where the management will seek guidance from the Board on the next steps forward,” he wrote.
“We will keep you updated on all critical developments.”
All long-haul flights were suspended on Friday with just a limited domestic schedule being flown in India.
Jet Airways has debts of around £885 million and is seeking £165 million in emergency funding.
Overseas funds, US investment firm TPG and airline investor Indigo Partners, have been mentioned as possible suitors for Jet Airways.
The airline’s website continues to say: “Due to operational reasons, our flight schedule has been impacted. We realise that this has affected your travel plans and truly regret the inconvenience.
“We would like to assure you that our 24×7 contact centre, social media and guest relations teams are working 24×7 to handle schedule adjustments including offering re-accommodation choices or extending full refunds as applicable.”
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