Jet Airways is suspending flight operations after failing to secure emergency funding to continue operations.
The carrier confirms that it has cancelled all domestic and international flights after today as per an update in the Indian stock market. It says it took the decision after being informed by the State Bank of India that its consortium of lenders had turned down a request for "critical interim funding". Without such funding, it is not able to pay for the fuel or "critical services" required to sustain operations the airline adds.J et Airways says that it will now "await" the bid process that SBI and its lenders are pursuing in an effort to find new shareholders. This will conclude on the 10th of May.

AirAsia’s third attempt for a low-cost carrier in Vietnam have fallen through, with the termination of a joint venture with local partners. “The Company wishes to announce that its wholly-owned subsidiary AirAsia Investment Limited, together with Gumin Company Limited and Hai Au Aviation Joint Stock Company, have amicably agreed to terminate and release each other from all obligations under the transaction agreements in relation to the proposed joint venture in Vietnam, effective 17 April 2019,” says AirAsia in a statement. AirAsia says that it is still interested in Vietnam owing to its geography, growing aviation market, and overall potential, despite the most recent set back.

Hong Kong Air Transport Licensing Authority (ATLA) again asked for Hong Kong Airlines (HKA) to clarify how it will improve its financial situation, yet the airline insists that its financial issues will not affect its operations during the upcoming peak travel periods. ATLA has asked HKA to “submit a concrete plan with a view of improving its financial situation”.ATLA can revoke or suspend an airline’s licence should it deem that it has failed to meet applicable regulations, including those around its financial position. HKA has indicated to the regulator that it has made partial repayments to some creditors. “ATLA has requested HKA to continue to report the settlement progress until the claims have been settled completely,” the authority says.