New Delhi, April 18 -- Jet Airways, once India's largest airline, announced on Wednesday that it is suspending all operations after failing to raise enough money to run its services.

The company said it has been informed by its lenders, led by state-run State Bank of India, that they are unable to consider its request for funding to keep flying.

"Since no emergency funding from the lenders or any other source is forthcoming, the airline will not be able to pay for fuel or other critical services to keep the operations going," it said in a statement.

"It has decided to go ahead with temporary suspension of operations," the airline said.

Its last flight was scheduled to fly to New Delhi from the northern Indian city of Amritsar on Wedne...