India's beleaguered Jet Airways has grounded more of its planes over unpaid dues to leasing companies, pushing it to the brink of shutdown and jeopardising hopes of a new investor rescuing the carrier.
Jet, which had already been forced by lessors to ground about 80% of its fleet, said it had cancelled all international flights until Monday.
Flights from London, Paris and Amsterdam are among those affected.
The Indian prime minister's office has called for an urgent meeting to discuss issues with debt-laden carrier at 6pm India time today, television news channels reported, citing sources.
The airline, once India's leading private carrier, has been forced in recent months to cancel hundreds of flights to dozens of destinations both in India and overseas, leading to a customer backlash and a steady slide in its market share.
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Government officials have previously expressed concern about the loss of jobs at the airline and on the prospect of higher Indian airfares if Jet Airways collapsed.
Jet's lenders, led by State Bank of India (SBI) are still trying to seek expressions of interest in the carrier from potential investors interested in turning around the airline.
Jet airways has proactively cancelled all west bound long haul flights from India from tonight until tomorrow morning, a company spokesman said.
A Reuters calculation puts the size of Jet's operational fleet at slightly over a dozen planes, down from more than 120 aircraft last year.
Saddled with more than $1.2 billion of bank debt, Jet is fighting for survival as it also owes money to lessors, suppliers, pilots and oil companies.
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If the size of its operational fleet drops below the 20 mark, Jet may be forced to halt all international operations, as Indian regulations demand that any domestic carrier has to have at least 20 operational aircraft in order to fly overseas.
A company spokesman declined to comment on whether the size of Jet's operational fleet was now less than 20, only saying that it was still in the double digits.
Lenders, led by State Bank of India (SBI), want a new investor to acquire a stake of up to 75% in the airline. Initial bids were to be submitted by the end of Wednesday, but SBI extended the deadline on Wednesday to Friday.
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At least three sources familiar with the matter said the lenders had so far received four expressions of interest in the airline.
It is far from clear though, whether any of these will translate into bids and whether an investor will be identified in time to rescue the 25-year old carrier.
Jet has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March, and many of its lessors that had earlier grounded planes have in the last two weeks begun to de-register these planes, further eroding value in the airline.
Once a plane is de-registered, the lessor can take it out of the country and lease it to other airlines.
Some fuel suppliers have also begun to tighten their fuel supply terms to the embattled carrier, piling additional pressure on Jet.
