Jet Airways on Wednesday announced temporary suspension of its operations as it did not receive emergency funds to stay afloat
Lenders are carrying out the bidding process for a stake sale in the ailing airline
New Delhi: With cash-starved Jet Airways suspending operations, aviation regulator DGCA on Thursday said it will ask the airline for a "concrete and credible" revival plan, as well as extend help within the regulatory framework.
A senior official of the Directorate General of Civil Aviation (DGCA) also said the regulator would take action in accordance with due procedure under relevant regulations.
Lenders are carrying out the bidding process for a stake sale in the ailing airline, which has a debt burden of more than ₹8,000 crore.
Against the backdrop of capacity reduction due to flight cancellations and rise in airfares, civil aviation secretary Pradeep Singh Kharola on Thursday held a meeting with representatives of various airport operators. It was also attended by Airports Authority of India (AAI) officials.