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Jet Airways has operated its last flight, the airline reports. The ailing
company is desperate for money, but an application for a million credit with
the state bank SBI of India has been rejected.
 
The problems at Jet Airways have accumulated in recent weeks. Salaries were
not paid, angry leasing companies claimed rented aircraft and the network fell
apart. Handling agent WFS had a Boeing 777 chained up at Schiphol Airport due
to unpaid bills, and fuel suppliers also discontinued their services to Jet
Airways.
 
There is still no question of a bankruptcy application, since negotiations are
still taking place with potential investors behind the scenes. Whether these
talks will arrive on time to save Jet Airways is highly questionable. The
deadline for a solution has been set on 10 May.

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