India's Jet Airways suspends all operations

Jet Airways, once the poster boy of a rapidly growing Indian aviation industry, finds itself on the brink of collapse. The finger points to the same Indian government which is now trying to rescue the airline. Jet Airways, India's oldest private airline, grounded all of its operations on Wednesday after it failed to secure emergency funding from state-backed lenders, who took control of the company last month as part of a rare move by the Indian government to rescue a private company. The… (www.dw.com) More...