On April 17, Jet Airways released a press statement declaring that the airline will shut down its services from April 17 onwards. The last flight reportedly is said to be operated at 10:30 pm as the State Bank of India (SBI), on behalf of the consortium of banks refused the request to help out anymore. The lenders have rejected Jet Airways' request for ₹400 crore lifeline.
The air company was able to fly only five aircraft on Tuesday, which is the bare minimum required as per the rules of the Directorate General of Civil Aviation and conditions of the Air Operating Permit, which is the document that permits a commercial airplane company to operate across India.
Meanwhile, Jet will be the seventh airline to go down since May 2014 and the 13th one after East West was shuttered.
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