Jet Airways has cancelled all of its international flights, including those between Mumbai and London.
The cash-strapped airline, which once had 120 aircraft, is now believed to be operating only 14 as it struggles to pay leasing firms.
It had already cancelled Manchester flights last month and has since been gradually suspending other international routes.
Under the rules of India’s aviation regulator, DGCA, airlines must have a minimum fleet size of 20 aircraft before they are permitted to fly internationally.
In a statement to the~Mumbai Stock Exchange late on Thursday, Jet Airways said a further 10 aircraft have been grounded due to non-payment of amounts outstanding to lessors.
It is currently being controlled by a consortium of investors led by the State Bank of India (SBI) but is looking for a new investor to acquire a majority stake.
According to local reports, the deadline for bids has been extended until today (Friday).
