Jet Airways grounds 4 more planes for non-payment of lease rentals; total number of non-operational aircraft stands at 41

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

Press Trust of India March 18, 2019 12:31:32 IST
Jet Airways grounds 4 more planes for non-payment of lease rentals; total number of non-operational aircraft stands at 41
  • Grappling with financial woes, the Jet Airways has been looking at ways to raise fresh funds

  • Earlier this month, Jet Airways Chairman Naresh Goyal said that more than 50 of its aircraft were not operating

  • As per its website, the airline has a fleet of 119 planes

New Delhi: 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.

Jet Airways grounds 4 more planes for nonpayment of lease rentals total number of nonoperational aircraft stands at 41

Representational image. Reuters.

"... 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 company, 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.

As per its website, the airline has a fleet of 119 planes.

"The payment of interest due on 19 March, 2019, to the debenture holder will be delayed owing to temporary liquidity constraints," it said in a separate filing.

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