Jet Airways grounds aircraft as new era beckons

A series of media releases from India's Jet Airways is a stark indicator of the status of the financially troubled airline.

There seems to be consensus that the airline will survive, in a very different form, but meanwhile its efforts to stay afloat are very much part of the changing shape of India's new age aviation.

Privately owned Jet was the first major new entrant in the Indian, beginning scheduled operations in 1995. Etihad Airways acquired a 24% equity stake in 2013.