Commoners, actors, politicians, sports people and corporate heads have expressed concerns over the fall of India's most admired private airline

Vijay Mallya on Thursday questioned the SBI-led consortium of public sector banks pursuing him through the courts to recover dues they claim are owed to them.

Civil Aviation Secretary Pradeep Singh Kharola says the movement of airfares is being closely monitored

On April 17, Jet Airways ran out of cash (and luck!) and temporarily halted its operations - first international, then domestic - after failing to secure additional funding from its lenders

All you need to know about what brought Jet Airways down and whether it can survive this turbulence

Jet Airways shutdown: According to the official, the watchdog would also endeavour to do its best to help the company revive its operations within the set regulatory framework

Shares of SpiceJet and InterGlobe Aviation continued gaining streak on Wednesday and stocks touched their 52-week high after rival Jet Airways announced that they would temporarily suspend all its international and domestic flights operations.

Mallya, in a Tweet, quoted PM Modi's recent interview where he said the government had recovered more money from the businessman than he owed the banks. Mallya highlighted that the banks had claimed otherwise in English courts.

Jet Airways was largely Naresh Goyal's entire life and he was known to be fairly parsimonious in his travels and business expenses

The funds in the account will meanwhile remain frozen as part of the worldwide freezing order in favour of the Indian banks last year