Jet Airways grounds 4 more planes for non-payment of lease rentals

PTI Updated - December 06, 2021 at 06:38 PM.

Jet Airways and Etihad have expressed confidence that once a bank-led resolution plan is implemented, the distressed Indian airline will re-emerge as a viable and robust airline

Cash-strapped Jet Airways on Monday said it has grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41. Grappling with financial woes, the carrier has been looking at ways to raise fresh funds.

“... an additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements,” the airline said in a filing to the stock exchanges.

According to the compa

Jet Airways and Etihad have expressed confidence that once a bank-led resolution plan is implemented, the distressed Indian airline will re-emerge as a viable and robust airline

ny, as mentioned earlier, it is actively engaged with all its aircraft lessors and are regularly providing them with updates on the efforts taken to improve the liquidity.

“Aircraft lessors have been supportive of the company’s efforts in this regard,” it said, adding that all efforts are being made to minimise disruption to its network.

Earlier this month, Jet Airways Chairman Naresh Goyal said that more than 50 of its aircraft were not operating. According to its website, the airline has a fleet of 119 planes.

Published on March 18, 2019 06:52