This post was updated on April 17.
The past year has been a harrowing one for India’s oldest private airline, Jet Airways.
The carrier has been in the red for several quarters. Its founder Naresh Goyal had to give up the reins last month after lenders took charge of the organisation. The Mumbai-based carrier has now run out of money to continue operations, it said in a statement today (April 17).
Here’s a look at everything that’s gone wrong with India’s second-largest carrier by market share in the last year: