Jet Airways grounded all
flights till further notice after they were not able to generate confidence
with banks & lenders for interim funding .
As per airlines spokesperson the emergency funds from lenders or
bank is not forthcoming resulting into airlines disability to pay for fuel
& other critical services to keep airlines operational.
Jet airlines had a fleet of 123 aircraft but none of them
operational as of date .
Last month it had £900 million of debt & chairman Mr. Naresh Goyal along with his
wife Anita Goyal resigned from the board of directors .
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