* Jet to continue working with banks; confident it will fly
MUMBAI/NEW DELHI Embattled Jet Airways halted all flight operations indefinitely on Wednesday after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline.
MUMBAI/NEW DELHI India's Jet Airways Ltd will be forced to shut down as soon as Wednesday if it does not get emergency funding from its lenders, two sources familiar with the matter said on Tuesday.
NEW DELHI India's beleaguered Jet Airways said on Thursday 10 more of its planes had been grounded over unpaid dues to leasing companies, pushing it to the brink of shutdown and jeopardizing hopes of a new investor rescuing the carrier.
NEW DELHI/SINGAPORE Jet Airways is fighting for survival as its fleet shrinks and some refiners tighten fuel supply terms despite efforts by the airline's lenders to find a new investor to bail out the cash-strapped Indian carrier.
* Aviation regulator de-registers 7 planes, 24 requests
* Challenge to make money in India, where budget carriers
NEW DELHI Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the U.S. automaker cease independent operations in the country, two sources with direct knowledge of the talks told Reuters.
SINGAPORE/NEW DELHI In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them there was a plan to rescue the debt-laden carrier so it could pay them, sources familiar with the matter said.
SINGAPORE/NEW DELHI Prospective bidders of struggling Jet Airways Ltd need to settle the airline's existing debt as part of any deal to buy a stake in the carrier, its consortium of lenders led by State Bank of India (SBI) said in a statement on Monday.