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Jet Airways grounds 7 more planes due to non-payment of lease rentals

So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors

Jet Airways
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Press Trust of India
Crisis-hit Jet Airways Wednesday said seven more aircraft have been grounded due to non-payment of lease rentals.

So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors.

In a filing to the stock exchanges, the full-service airline said "an additional seven aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements".

The carrier is actively engaged with all its aircraft lessors and regularly provides them with updates on the efforts undertaken to improve its liquidity, the filing said.
 
Faced with acute financial woes,

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First Published: Feb 27 2019 | 8:36 PM IST

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