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  Business   Companies  16 Apr 2019  Suresh Prabhu calls for review of issues related to Jet Airways

Suresh Prabhu calls for review of issues related to Jet Airways

PTI
Published : Apr 16, 2019, 11:23 am IST
Updated : Apr 16, 2019, 12:54 pm IST

Prabhu has called for working with all stakeholders for their well being.

Prabhu has also asked Civil Aviation Secretary Pradeep Singh Kharola to take necessary steps to protect the rights and safety of passengers. (Photo: AFP/File)
 Prabhu has also asked Civil Aviation Secretary Pradeep Singh Kharola to take necessary steps to protect the rights and safety of passengers. (Photo: AFP/File)

New Delhi: Civil Aviation Minister Suresh Prabhu has called for a review of issues related to struggling Jet Airways, including rising fares and flight cancellations.

Prabhu has also asked Civil Aviation Secretary Pradeep Singh Kharola to take necessary steps to protect the rights and safety of passengers. Jet Airways is grappling with acute financial crunch and is operating less than 10 planes besides temporarily suspending international operations.

 

"Directed Secretary @MoCA GoI to review issues related to Jet Airways, especially increasing fares, flight cancellations etc," Prabhu said in a tweet on Tuesday.

Besides asking the secretary to take necessary steps to protect passenger rights and safety, Prabhu has called for working with all stakeholders for their well being.

This is the second time in less than a week that Prabhu has publicly said he has called for a review of issues related to Jet Airways.

On Monday, lenders did not take a final decision on providing emergency funds to the cash-strapped carrier.

The airline's board is meeting in Mumbai on Tuesday. In afternoon trade, shares of the airline declined 3.59 per cent to Rs 252.40 apiece on the BSE. Jet Airways is operating around seven planes, including six turbo propelled ones used for shorter hauls. It had 123 aircraft in operation in December.

 

"As you are aware, we have been working with the lenders to secure interim funding for our operations. The interim funding has not been forthcoming thus far, and as a result we have extended cancellation of international operations until April 18," the airline's CEO Vinay Dube said in an internal communication on Monday.

On March 25, the airline's board approved the debt resolution plan, under which SBI-led consortium would provide an emergency loan of Rs 1,500 crore and also take control of the carrier. 

Tags: jet airways, suresh prabhu, stakeholders, debts
Location: India, Delhi, New Delhi