Jet Airways crisis

Last Modified: Sat Apr 20 2019 14:53:49 GMT+0530 (India Standard Time)
  • 119
    Number of planes the airline has been forced to ground. A cash crunch led to the airline defaulting on payments to lessors since October last year and the lessors then started to take back planes leading to flight cancellations starting end December 2018. The carrier now operates a fleet of only 0 out of 119 aircraft at its peak.
  • 300
    Number of flights per day that Jet has been forced to cancel.
  • 1 million
    Monthly capacity reduction due to flight cancellations.
  • $1.2 billion
    Debt owed to banks, primarily to State Bank of India.
  • Rs. 3,500 crore
    Owed to passengers due to cancellations as on 12 Apr 2019.
  • ?
    Amount owed to lessors, suppliers and oil companies.
  • 20,000
    Number of employees working for the airline. Most of whom have not received their salaries since the beginning of the year.
  • 18 Apr 2019
    All flights suspended in wake of banks refusing to lend any further.
  • 23%
    Stake in the airline held by Etihad Airlines, which it acquired in 2013.
  • 17 Apr 2019
    Last flight operated before suspension of services. Flight number S2 3502 left Amritsar late on Wednesday night (17 Apr 2019) and arrived in Mumbai early on Thursday morning (18 Apr 2019).