The airline was once India's second-biggest by market share but is on the brink of collapse with debts of more than $1 billion.
The Jet Airways statement continued: "Over the last several weeks and months, the company has tried every means possible to seek both interim and long-term funding". Further, Jet Airways in a regulatory filing said that in view of the critical liquidity position, its operations have been severely impacted and its awaiting emergency funding from lenders in this regard. Jet Airways said that it has informed the Directorate General of Civil Aviation, and the Ministries of Civil Aviation and Finance and other relevant government institutions, of this course of action.
The airline said the decision follows the lenders refusing to offer a lifeline.
Jet, which did not respond to requests for comment, saw its shares fall by as much as 18.5 percent on Tuesday after Indian media reported that Jet's management had advised the airline's board to temporarily suspend the company's operations. In a series of tweets, Mallya drew parallels between debt-ridden Jet Airways, Air India and Kingfisher Airlines.
But the immediate worry is the lack of funds to keep the company afloat.
EXIM did not respond to a request for comment.
He alleged that his debtors have refused to take him up on his offer.
The SBI-led consortium is looking for a buyer for Jet and a deadline passed on Friday for prospective bidders to express an interest in acquiring a 75% stake in the carrier. There has been a backlash on social media about Jet Airways' financial problems.
Jet will be forced to shut down as soon as Wednesday if it does not get emergency funding from its lenders, two sources familiar with the matter told Reuters on Tuesday.
These include private equity firms TPG Capital and Indigo Partners, Indian sovereign wealth fund National Investment and Infrastructure Fund (NIIF), and the UAE's Etihad Airways, which already owns a minority stake in Jet, it said.
Separately, an Indian government official said funding was likely to come through and that the banks were not looking to take Jet to bankruptcy court.
According to NAG, which has around 1,100 members, the airline is only operating around 450 seats per day.
This comes after the airline had already grounded most of its fleet and temporarily cancelled large amounts of flights, including all global services. Due to this, the airline has neither been able to pay pending salaries nor its lessors and, hence, been forced to ground the bulk of its planes.
Jet's pilots along with engineers and senior staff were last paid for December 2018.
Shares in the company, which have tumbled about 60 percent in the a year ago, closed on Tuesday at 240.50 rupees a share.
On Monday, the Duke and Duchess of Sussex thanked everyone for all their well wishes and donations. "Thank you", they added. He appeared on Australian show Today Extra, where he discussed several piece of gossip regarding Baby Sussex on Sunday.
Students were then told they needed to take a photo outside one of the top windows with against the skyline. Ms Monfries' family rushed to her hospital bed and were accompanied by two priests, the Post reported.
Eagles: A rematch of the 2017 NFC Championship game is rumored to take place in Minneapolis on Thanksgiving. One of the NFL's most memorable games featured the Dolphins and Cowboys playing in the "Snow Bowl" in 1993.
Nineteen countries, including the United Kingdom , voted in favour, while six countries voted against and three abstained. Article 11, which says aggregators must license content that is more than a "short extract", was also approved .
Five arrests were for criminal damage after the Royal Dutch Shell building near the River Thames was targeted on Monday. The majority arrested were seized for breaching public order laws and obstructing a highway.
Foxx's office issued a statement recusing her on February 19, though they later claimed she "did not formally recuse herself ". Joseph Magats, the First Assistant in the State's Attorney's office, ultimately made the decision not to prosecute the case.
Airlines in India must maintain a fleet of at least 20 planes to continue to operate worldwide flights, according to the BBC . Not only the airline has been failed to pay full salaries to its employees for months but also defaulted on several payments.
Hopoate wrote on Facebook in a since deleted post that he does not know why everyone is "so anxious about what Israel Folau said". If he accepted RA's ruling, his contract would be torn up and his professional rugby union career in Australia would be over.
Columbine High and several schools in the area were part of the lockout, the Jefferson County Sheriff's Office tweeted . In December, an anonymous caller claimed bombs had been planted inside Columbine high school.
The Cardinals could also trade the No. 1 pick in the draft, which the Cardinals own for the first time in 60 years. This mock draft is being done with the assumption all of the quarterbacks are off the board.
Kaine accused Trump of turning a blind eye to Khashoggi's killing and the jailing of women's rights activists in Saudi Arabia. The resolution had invoked the War Powers Act to distance the United States from the conflict in Yemen, which began in 2014.
Annual Governor's Easter Egg Hunt
After the hunt, everyone is invited to the visitor center to redeem prizes and check out the gift shop's new spring inventory. Clues to find the eggs around town will be posted on the Superiorland Kiwanis Facebook page daily.
How Apple's new credit card measures up with Gen Z
It's created to be used either in countries that don't offer Apple Pay or in the 30 percent of retailers who don't support it. There's also four new Animoji to send as stickers in iMessage or use during FaceTime calls: giraffe, shark, owl, and boar.
Soni Razdan on Kangana Ranaut: What is her agenda?
She seems to have taken a grudge against Alia Bhatt for being the daughter of Mahesh Bhatt and having the benefit if nepotism. Razdan's tweet received hated comments from the trolls to which she responded by saying: "I do actually".
PS5 First Details: Hardware, Back Compatible, 8K, And More
Being based on the PS4's architecture, the PS5 will also have backwards compatibility , both with PS4 discs and the PSVR system. However, he did confirm that the PlayStation VR headset as it now exists will be compatible with the next PlayStation console.