Jet airways in Trouble.

Hmmm ... thanks. I was planning to use them, as they are the only ones who fly Delhi to Jaisalmer. Looks like a longer drive from an adjacent city.
 
They've been in trouble for a long time, and there's an ongoing fight between Etihad, Chairman Goyal, banks and the Indian government.

The current Max8 issues likely mean lessors may be more keen to reposses some aircraft than previous.
 
You wouldn't imagine that staff will stick around for long if they haven't been paid for 3 months. It seems they have stretched what seems to be a lot of goodwill from creditors and staff (including the fact that staff had accepted a staggered wage payment schedule which the airline has defaulted on) past breaking point.

Add the Max 8 woes to the mix, they have 37 leased aircraft grounded due to defaulting on payments and 5 737 Max 8 aircraft grounded for a total of 42 aircraft out of their fleet of 119. Not sure of the reasoning for the other at least 10 grounded aircraft (possibly maintenance) but at around 55 aircraft, it adds up to 45% of the fleet.
 
And yet another airline which Etihad gets involved with that shortly after goes under. The're really having a special touch, I must say...
 
A message from the founder...

My dream started out as the simple yearning of a simple man, a desire to bring the joy of flying to every Indian. Two and a half decades later, what Jet Airways has achieved in no small measure far exceeds anything I dared to imagine back then; thanks to your continued patronage and loyalty as our valued JetPrivilege member.

I have watched with pride as our JetPrivilege family has grown to over nine million strong members in 2019, in tandem with our fleet of 124 aircraft connecting to over 550 destinations worldwide. We grew together with our JetPrivilege family, connecting the length and breadth of India at a time when flying was still considered a luxury in our country, growing to become India’s premiere full-service airline.

This has all been possible largely because of your unstinted support, guiding us to set guest-service benchmarks to the envy of our competitors and helping us realise our dream of emerging as a global gold standard of warm Indian hospitality.

Jet Airways as you all know has truly been a labour of love and looking back, I would not want to change a thing. Thank you for your free and frank feedback which has helped Jet Airways emerge as the airline of choice across both domestic and international skies.

Today, as I ponder on the past and look to the future, I do realise that there must come a day when the torch that we have carried all this while, will need to be passed on. And there is no better time than the present. I would like to humbly and with immense gratitude, inform you that both Mrs. Goyal and I are stepping down from the Board of Directors of Jet Airways with immediate effect.

Our airline, today, stands poised to turn the page, ready to fly out from the turbulence of recent months and soar forth into a bright new future. Our shareholders have approved the Bank-led Resolution Plan (BLRP), which marks a definitive step in our efforts to guide Jet Airways onto a sounder and sustainable financial footing. There is light at the end of the tunnel and that is why I feel; the time is now right for us to hand over the reins of your preferred airline to a new generation of leaders that I am certain will take Jet Airways to even greater heights.

I would be lying, if I said this was not an emotional moment for me. Jet Airways, its employees both past and present, shareholders, partners, regulators, and most importantly you our JetPrivilege members, are our family and there is no sacrifice I would not make to ensure the best interests of our Jet Airways family are safely secured. I have not come to this decision lightly but this is not the end of the journey, rather it is the start of a brand new chapter. I remain committed to seeing Jet Airways embark on a dynamic new chapter and I am certain, that the new generation of leaders will be able to count on your continued support in the months and years ahead.

Our teams at Jet Airways have been continuously striving to deliver a superior guest experience, which has been our key differentiator. I can assure you on their behalf that they will continue to deliver the world-class service that you have come to expect from them.

Thank you once again for your continued patronage and loyalty through the many years.

Most sincerely,
Naresh Goyal
 
From airliners.net

Almost all leased planes are now grounded.
They are only operating with 14-15 aircraft and some of their BOM slots (the Jet fortress) are being given away temporarily by the regulators.

The solution is taking longer than Brexit.
 
So that means Etihad has just Alitalia and VA weighing it down now? Wow the empire has retreated...
 
Looks like the normal drivel on Facebook that Facebook allows to run unchecked even when reported.

That be the truth.

In any event not looking good for Jet, must only be a matter of time before it is completely closed down. I noticed last night, coming back from DEL to SIN, my SQ flight was almost completely full (except 3 F) on A380, must have filled up after the Jet cancellation. I did get a nice op-up to Y+, but I do feel for staff and stranded travellers.
 
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Surely this is the beginning of the end for Jet Airways. This situation seems unrecoverable.

I see that Qantas is now selling flights to India with travel between Singapore and India on Singapore Airlines. They relied quite heavily on those 9W codeshares for India traffic, so this has got to hurt.
 

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