India's stricken Jet Airways cancels worldwide flights, grounds more planes

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India's stricken Jet Airways cancels worldwide flights, grounds more planes

A European cargo services provider seized one of Jet's planes at Amsterdam's Schiphol airport for non-payment of dues, leaving hundreds of passengers stranded.

In a statement, the airline said that flight "9W 231 AMS BOM of 10th April 2019 has been delayed due to operational reasons".

The aircraft had flown to Amsterdam from Mumbai on April 09 and was scheduled to return April 11, the source added.

Jet Airways is fighting for survival as its fleet shrinks and some refiners tighten fuel supply terms despite efforts by the airline's lenders to find a new investor to bail out the cash-strapped carrier.

"IndianOil has stopped fuel supplies to Jet Airways in Mumbai, New Delhi and Hyderabad airports for its failure to clear dues", the source said.

Last week, the International Olympic Committee had stopped fuel supply to Jet Airways for some time before restarting the same after receiving assurances over payment of dues from the airline.

The airline's operations were not effected during the day, as other retailers continued to supply fuel to its aircraft.

DGCA also showed on its website that lessors have put in IDERA (irrevocable deregistration and export request authorisations) requests to de-register 24 other aircraft, which were leased to Jet Airways.

Heavily indebted Jet Airways was recently forced to ground more than 90 of its 118 total aircraft, which resulted in hundreds of flight cancellations.

The airline now operates 26 aircraft, including Airbus A330s, Boeing 777s, 737-800 and ATRs, to various destinations like London, Toronto, Singapore, Amsterdam, Paris, Bangkok and domestic sectors like Mumbai-Delhi, among others.

The SBI-led consortium of domestic lenders are implementing a debt resolution plan for Jet Airways, whose board approved the plan last month. A lenders' consortium that recently took over the airline from its founder and chairman Naresh Goyal has extended the deadline for submission of expressions of interest (EoIs) by two days to April 12.

Besides payments to aircraft lessors, the airline is struggling to pay loan instalments and even salaries to pilots on time, who have now threatened to take legal action against Jet.

According to the last update, only 26 aircraft out of 119 were operational.

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