Jet Airways stock slips 6% after it grounds seven more aircraft

Shares of Jet Airways fell as much as 6.3 per cent to Rs 210.15 apiece on the NSE after the company on Wednesday said seven more aircraft have been grounded due to non-payment of lease rentals.

Shares of Jet Airways fell as much as 6.3 per cent to Rs 210.15 apiece on the National Stock Exchange (NSE) after the company on Wednesday said seven more aircraft have been grounded due to non-payment of lease rentals.

The stock, however, recovered losses and ended nearly 2 per cent higher at Rs 228 levels on the NSE. In comparison, the Nifty50 closed 0.1 per cent lower at 10,792 levels.

"An additional seven aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements. As mentioned earlier, the company is actively engaged with