More misery for India's Jet Airways

PUNIT PARANJPE / AFP

Things aren't looking good for Jet Airways after reports that they've suspended all their international flights.

The speculation has raised more doubts about the survival of India's largest private airline.

The airline is already more than AED 3.6 billion in debt and on the brink of collapse.

Things have gotten so bad that the Indian government said intervened. 

They said steps are being taken to ensure passenger safety after flights were cancelled.

According to Indian law, carriers must maintain a fleet of least 20 aircraft if they want to operate services to international destinations.

More from Business

Coming Up on Dubai Eye

  • The Music Mix

    7:00pm - 11:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

  • The Music Mix

    11:00pm - 6:00am

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!