NEW DELHI — *** Airways, once India’s largest *******, announced today 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 ********* funding from the lenders or any other source is forthcoming, the ******* 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 ******* said.

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

The *******, which had 119 aircraft as of Dec. 31 just before it defaulted on some of its $1 billion+ in debt, was down to just 14 aircraft by early April. As reported earlier this week, international flights had already been suspended and the ******* was down to flying just seven aircraft on domestic routes.

*** Airways operated out of Toronto for more than 10 years, offering flights via Amsterdam to India’s top destinations.

On April 16 the *******’s former chairman, Naresh Goyal, reportedly withdrew plans to bid for a controlling stake in the company. Goyal founded *** Airways in 1992 and saw it soar to become India’s largest *******.

It was not immediately clear who else might bid for the company. Etihad Aviation Group purchased a 24% stake in 2013.

The ******* reported a net loss in the quarter that ended in December of 5.8 billion rupees, about US$83 million. *** Airways pilots complained that they had not received a salary in four months.

The New Delhi Television news channel said 20,000 jobs at the ******* were at stake.