Crunch meeting today over future of Jet Airways

Jet Airways is due for a crunch meeting with its lenders today to try and agree to a funding deal to allow it to keep flying.

The private Indian carrier airline has more than $1 billion of debt and fighting for survival.

All international flights, including services from Heathrow, were cancelled last week until today.

The airline’s lenders are considering a plan to inject $145m to keep the airline afloat, according to Reuters.

Pilots, who threatened to boycott operations from midnight on Sunday over unpaid salaries, called off their strike in the hope that lenders will agree to release funds at today’s meeting in Mumbai.

Pilots and other crew members gathered outside Jet Airways’ corporate office this morning as rescue talks commenced.

Some Indian domestic flights were due to operate over the weekend but others were cancelled.

“Due to operational reasons, our flight schedule has been impacted. We realise that this has affected your travel plans and truly regret the inconvenience,” the airline said in a notice on its website.

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