NEW DELHI: India’s embattled Jet Airways Ltd is set to temporarily halt operations from Wednesday onward after its lenders rejected the airline’s plea for emergency funds, three sources from inside the company said on Wednesday. Jet and its lead lender State Bank of India (SBI) did not immediately respond to requests for comment. At its peak, Jet operated over 120 planes and well over 600 daily flights. India’s aviation regulator said on its website on Wednesday that lessors had applied to de-register another four Boeing Co 737 planes. Its lenders, led by SBI, have been seeking expressions of interest for an up to 75 per cent stake in the airline.

Source: Pakistan Today April 17, 2019 13:30 UTC