Jet Airways denies reports saying it may shut down in 60 days
After reports said Jet Airways told its employees it may shut down in 60 days, its CEO Vinay Dube on Friday clarified that the reports were "malicious" and "factually incorrect". "Despite the high growth environment, the aviation industry has been facing a tough time due to depreciating rupee and the mismatch between high fuel prices and low fares, he added.