Officials gave no explanation for the couple’s travel ban but some media reports said they were allowed to leave the airport later. Once India’s top airline, Jet halted its operations after a consortium of lenders declined to pay emergency cash as they failed to find a buyer for a 75 percent stake in the carrier in April. Bad investments, competition from several low-cost carriers, high oil prices and a weak rupee have led to Jet’s current financial predicament. Analysts trace the start of Jet’s financial problems to its 2006 purchase of Air Sahara for $500 million in cash. Another low-cost carrier,closed in 2012 after it failed to repay loans worth millions of dollars to state-owned banks.

Source: The Guardian May 25, 2019 17:15 UTC