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COMING UP:Share Opener Variant 4

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00:00:00
jet Airways what was once India's largest private airline halted all operations indefinitely Wednesday it's over a billion dollars in debt it's failed to secure a loan to save itself and its pilots and employees have gone unpaid for weeks two sources at state run banks told Reuters they rejected a request for loans to jet one told Reuters bankers didn't want to risk jet burning through those loans only to seek more temporary funding meanwhile the union representing jets ground stop says employees are struggling cut again data there's an environment of stress at home some have all parents who have medical expenses school fees for children son of kids studying abroad some people have taken housing loans but their payments are bouncing because they don't have any money , it says it will work with its banks to find an investor that can buy a majority stake and try to turn chat around if that fails thousands of jets employees will be put out of jobs and thousands more whose jobs are tied to the airline that would be a blow to prime minister Narendra Modi's who is currently seeking reelection in the weeks long series of polls his critics blame is government for rising unemployment and the jet collapse with also potentially impact Boeing jet has more than a hundred a Boeing seven thirty seven MAX aircraft on order the model involved in two recent fatal crashes that have sparked crisis for the playmaker airline employees are expected to hold a demonstration in New Delhi on Thursday