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Jet suspends 12 international services till April-end
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SME Times News Bureau | 23 Mar, 2019
Jet Airways has suspended 12
international flights even as it grapples with a reduced fleet strength,
industry insiders said on Friday.
Sources said the airline has
suspended operations to Hong Kong, Abu Dhabi, Riyadh, Dammam, Singapore,
Manchester and Dhaka, among others, till April 30.
However, one service has been cancelled due to Pakistan airspace closure and not due to fleet truncation.
"Apart
from suspensions, the airline has also reduced frequencies on some of
the international routes. These suspensions and reduction in freqiuncies
can be attributed to the fact that its fleet size has been trnucated,"
sources said.
On March 19, aviation regulator, the Directorate
General of Civil Aviation (DGCA), said that Jet Airways has only 41
aircraft in its fleet for operations out of around 120 planes and that
there may be further attrition in the fleet size and flights ahead.
As
per industry estimates, Jet has total debt of Rs 8,000 crore in
addition to payables such as vendors' dues worth Rs 15,000 crore.
The
airline has also lost ground in terms of market shares, even as its
pilots and crew are said to be approaching other airlines for
employment.
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