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Cash-strapped Jet Airways grounds another 4 planes due to non-payment

The airline has, however, not given the specific numbers of flights it has been cancelling every day due to the grounding of these planes

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Jet Airways  |  Naresh Goyal  |  Salary

Press Trust of India  |  Mumbai 

Financially-stressed Jet Airways Tuesday said it has grounded another four of its aircraft due to non-payment of lease rentals.

With this, the total number of aircraft taken out of operations due to severe liquidity crunch in the airline and its subsequent failure to pay rentals to various lessors now stand at 32 so far. In a filing to the stock exchanges, the full-service airline said, "An additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements." However, Jet Airways chairman, in a ...

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First Published: Tue, March 12 2019. 21:53 IST
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