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Lenders to Jet Airways have refused to bail out the cash-strapped carrier, according to people familiar with the situation, forcing the airline to consider temporarily grounding its flights. Bankers have confirmed that there’s no money coming in for now, the people said asking not to be identified. Jet Airways executives, including operational heads, are meeting in Mumbai Tuesday to take a call on complete halt of operations, according to two persons in the know, even as the failing airline scrambles to get a new investor. The airline is now flying just 7 planes, one of the people said, compared with 123 aircraft as of end-December, according to a company presentation. It was forced to ground 10 planes last week, suspend international flights and has seen pilots agitate over non-payment of salaries <br/>

Etihad Airways Group CFO Mark Powers has stepped down after roughly a year in the job as the carrier overhauls its business after years of heavy losses. Powers, who joined in January 2018, resigned for personal reasons. He has been replaced in the interim by senior Etihad finance executive Adam Boukadida, the airline said Tuesday. Etihad said it was searching for a permanent replacement. Etihad did not say when Powers left the airline. Boukadida has served as interim Group CFO since March. Powers was hired as the airline embarked on a 5-year turnaround plan after a strategy of buying stakes in other airlines collapsed, contributing to billions of dollars in losses. Group CE Tony Douglas said in 2018 Powers would "play a pivotal role in helping to guide Etihad onto the next stage of its development". <br/>