Jet Airways shares fell as much as 4 percent in early trade on Wednesday after it said the previous day it has grounded 15 more planes due to non-payment of dues to its lessors.
The latest groundings mean more than two-thirds of its total fleet of about 120 planes is not flying.
The airline, which was on the brink of bankruptcy, was bailed out in March by state-run banks that will temporarily take a majority stake in the company and give it a new loan of $218 million.
The stock has shed more than half of its value in a year as of Tuesday's close.
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