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Troubles mount for debt-laden Jet Airways as nearly one-third of fleet likely to be grounded soon
Fp Staff •As many as 28 aircraft have already been grounded and by the end of February, another 14 planes will be grounded making it almost one-third of Jet Airways' fleet of 123 planes.
International lessors doubt Jet Airways rescue plan; pull out more planes, likely to be shifted out of India
•Jet Airways has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
Jet Airways grounds four aircraft after failing to pay lessors, says making efforts to reduce disruption to network
•Saddled with debt of about $1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs.
Jet Airways shares jump over 18% on report of chairman Naresh Goyal's likely exit from airline's board
•The report also said Etihad may infuse capital into Jet and raise its stake from the 24 percent it currently owns.
Lessors to troubled Jet Airways consider taking back planes; carrier says working on turnaround strategy
•Jet Airways controls over a sixth of a market experiencing an unprecedented boom in air travel.
Cash-strapped Jet Airways fails to pay December salary to more employees besides pilots, engineers
Fp Staff •The Naresh Goyal-controlled Jet Airways, which is part-owned by Gulf carrier Etihad, has not been paying salaries on time to about 15 percent of its over 16,000 employees since August last year due to a liquidity crunch.
Dispute resolved: Lessors suspend court proceedings against SpiceJet
Fp Staff •