Jet Airways has cancelled all international flights through to Monday, 15 April, affecting flights to Amsterdam, Paris and London, among others.

The news comes despite the airline reaching an agreement with state banks for an emergency loan following the departure of founder and chairman Naresh Goyal and his wife.

Local reports say Jet Airways will meet with its lenders on Monday in an effort to avoid collapsing, with the Indian government hoping for a rescue ahead of elections.

Jet Airways is currently only operating 14 of its aircraft, with the rest grounded. Local regulations say an airline must operate at least 20 aeroplanes to fly on international routes.

According to Press Trust of India, the country’s Directorate General of Civil Aviation has de-registered seven of Jet Airways’ Boeing 737-800s to allow lessors to reclaim the aircraft.

Some local reports suggest Goyal could be considering a bid for the troubled carrier, though this has yet to be confirmed.

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