Jet Airways defaults on lease rentals, receives notice from AAI on dues

Jet Airways has defaulted on payments to aircraft lessors and has been served show cause notice by the Airports Authority of India (AAI) for payment delays.

Lessors have also served notices for payment default and indications are the airline may return five-seven of its older Boeing 737 planes to resolve the dispute, said sources.

The airline has 124 planes in its fleet, which is a mix of ATRs, Airbus, and Boeing jets, and 108 of them are on lease. It is not known with how many leases a default has occurred.

“Jet Airways is making partial payments to its lessors