Latest News on Lessors
Showing of 0 - 10 from 11 results
Lessors - Total results - 11
Apr 11, 2019
Jet Airways crisis deepens further, cash-strapped airline to operate only 14 planes todayJet Airways has grounded more than three-fourths of its fleet due to non-payment of lessors' rentals and is operating just about 25 planes out of its 123 earlier.
Apr 03, 2019
Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banksWith a smaller operating fleet, Jet Airways has given pilots and cabin crew the option of flexible working days and taking extended leave with or without pay.
Mar 14, 2019
SpiceJet to cancel 35 flights today after India grounds all Boeing 737 Max aircraft; to set up cell to deal with passenger grievancesSpiceJet said, a majority of passengers affected as a result of these cancellations have been accommodated on alternate flights
Mar 08, 2019
Jet Airways planes to be redeployed if no restructure agreed this month, says lessor’s CEO“We have grounded our aircraft, we have control over our aircraft, but we have not terminated the leases and we are waiting for the airline to approve all its restructuring with the State Bank of India,” FLY Leasing CEO Colm Barrington told analysts on results call on Thursday
Feb 27, 2019
Troubles mount for debt-laden Jet Airways as nearly one-third of fleet likely to be grounded soonAs 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.
Feb 21, 2019
International lessors doubt Jet Airways rescue plan; pull out more planes, likely to be shifted out of IndiaJet Airways has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
Feb 08, 2019
Jet Airways grounds four aircraft after failing to pay lessors, says making efforts to reduce disruption to networkSaddled with debt of about $1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs.
Jan 14, 2019
Jet Airways shares jump over 18% on report of chairman Naresh Goyal's likely exit from airline's boardThe report also said Etihad may infuse capital into Jet and raise its stake from the 24 percent it currently owns.
Jan 11, 2019
Lessors to troubled Jet Airways consider taking back planes; carrier says working on turnaround strategyJet Airways controls over a sixth of a market experiencing an unprecedented boom in air travel.
Jan 07, 2019
Cash-strapped Jet Airways fails to pay December salary to more employees besides pilots, engineersThe 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.