Business Standard

Jet Airways slides deeper into distress, now left with only 83 aircraft

AerCap issues termination notice for 2 Boeing 737s, GECAS stops Boeing 737 Max delivery

Jet Airways
Premium

Jet Airways

Arindam Majumder New Delhi
As lenders and promoter Naresh Goyal continue to disagree on the terms of recapitalisation of Jet Airways, the airline is sliding slowly deeper into distress every day. The airline, which started the winter schedule with 103 planes, is now down to 83. 

Dublin-based aircraft lessor AerCap has issued a termination notice for at least two Boeing 737 aircraft, said people in the knowledge of the development. This is the first instance when a lessor has terminated the lease agreement with the financially distressed carrier. 

GECAS, GE Capital’s leasing firm, too, has stopped delivery of Boeing 737 Max.

The sources said

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2019 | 10:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com