BizSugar.com › News › VARINDIA Jet Airways temporarily suspends all flight services

In a letter to all the esteemed passengers and members flying in the jet airways, a humble letter written by the CEO, Jet Airways, which is well appreciated and hope they could come out with the present crisis they have faced as there is no lender could finalised to fund. The story remain answered how and why the Airlines got nearing bankrupted.It was was once India’s most popular full-service airline is now struggling to stay afloat. The reins of Jet Airways, which is facing a debt of over $1 billion, now have been given to its lenders, led by State Bank of India. Its founder and chairman Naresh Goyal and his wife Anita stepped down from the board on Monday, paving the way for debt resolution.Naresh Goyal founded Jet Airways in 1993 with a fleet of four leased Boeing 737 aircraft. At a time when private airlines had just started coming up in India, Jet Airways, a full-service airline, grew fast to become India’s largest international carrier.