 "Jet Airways forced to ground three planes on lease rental default")
Crisis-ridden Jet Airways was Tuesday forced to ground three of its Boeing 737 planes due to non-payment of lease rentals, leading to cancellation of around 20 domestic flights, according to sources.
With three more planes taken out of operations, the number of aircraft on ground due to non-payment of lease rentals by the carrier now stand at six in the last two days, the source added.
"Jet Airways has defaulted on aircraft lease rentals and it has been forced to ground three more narrow-body Boeing 737 planes," a source in the know of the development told PTI.
A response from airline, which struggling with cash- crunch since the past many months, is awaited.
Due to the fresh grounding of the planes, the airline, which is negotiating with its partner Etihad for additional cash infusion, has cancelled as many as 19 flights to/from Delhi, Chennai, Mumbai, Pune, Hyderabad, Port Blair and Bengaluru, the source added.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%