HK-India Flights Cancelled Amid Jet Airways' Woes
"); jQuery("#212 h3").html("

"); });
2019-04-12 HKT 23:38
Flight between Hong Kong and the Indian cities of Mumbai and Delhi were cancelled on Friday as India's Jet Airways cancelled international services amid chronic financial difficulties.
Cancellations will continue until Monday at the earliest as the debt-stricken carrier as it battles to stay afloat.
The development on Friday came after the government said it would investigate Jet's ability to continue flying as lenders desperately seek a buyer to keep the beleaguered airline running.
A collapse would deal a blow to Prime Minister Narendra Modi's pro-business reputation as Indians vote in a mega six-week-long election that started on Thursday.
A Jet Airways source said all of Jet's international flights out of and into India until Monday had been cancelled, extending a series of cancellations announced on Thursday.
Aviation minister Suresh Prabhu earlier tweeted on Friday that his ministry would "review issues related to Jet Airways" and "take necessary steps to minimise passenger inconvenience and ensure their safety".
Jet was until recently India's second-biggest airline by market share but is close to going under with debts of more than US$1 billion.
The Mumbai-based carrier has been forced to ground the majority of its fleet after months of defaulting on loans and struggling to pay lessors and staff.
It told the Bombay Stock Exchange Thursday that it had grounded 10 more planes due to non-payment.
The airline is believed to now be operating just 16 planes out of a fleet of 119. That is below the 20 required by Indian aviation regulators to fly overseas. (RTHK/AFP)
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more
