New Delhi: Crisis-ridden Jet Airways on Wednesday said it has grounded two aircraft, will be returning three to lessors and an additional three are currently not flying due to technical reasons. The three currently not flying are expected to be back in service by Friday, the airline told BSE which had sought a clarification from it over media reports of grounding of four aircraft.
Jet “has grounded one aircraft for scheduled termination of its engine's lease and one aircraft for technical reasons. (It) is also in process of redelivering three aircraft to lessors due to the scheduled expiry of their respective lease terms. Further, three aircraft have been temporarily grounded by the company to carry out an engine normalization exercise. Once the engines are normalized all three aircraft will be ready to fly. We expect this process to be complete by Friday, February 1, 2019,” Jet’s VP-global compliance and company secretary Kuldeep Sharma said in the regulatory filing to BSE.
“The company is making all efforts to minimize disruption to its network due to the above and is proactively informing and re-accommodating its affected guests. (It) is also providing required updates to the Directorate General of Civil Aviation (DGCA),” he said, adding, “The company is actively engaged with all its aircraft lessors and regularly provides updates on efforts undertaken by it to improve its liquidity. Aircraft lessors have been supportive of the company’s efforts in this direction.”
Jet Airways is desperate for funds and is awaiting a major restructuring that, if successfully completed, will see a completely new ownership pattern. But till that happens, the airline is tackling multiple issues on several fronts.
30/01/19 Saurabh Sinha/Times of India
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Jet “has grounded one aircraft for scheduled termination of its engine's lease and one aircraft for technical reasons. (It) is also in process of redelivering three aircraft to lessors due to the scheduled expiry of their respective lease terms. Further, three aircraft have been temporarily grounded by the company to carry out an engine normalization exercise. Once the engines are normalized all three aircraft will be ready to fly. We expect this process to be complete by Friday, February 1, 2019,” Jet’s VP-global compliance and company secretary Kuldeep Sharma said in the regulatory filing to BSE.
“The company is making all efforts to minimize disruption to its network due to the above and is proactively informing and re-accommodating its affected guests. (It) is also providing required updates to the Directorate General of Civil Aviation (DGCA),” he said, adding, “The company is actively engaged with all its aircraft lessors and regularly provides updates on efforts undertaken by it to improve its liquidity. Aircraft lessors have been supportive of the company’s efforts in this direction.”
Jet Airways is desperate for funds and is awaiting a major restructuring that, if successfully completed, will see a completely new ownership pattern. But till that happens, the airline is tackling multiple issues on several fronts.
30/01/19 Saurabh Sinha/Times of India
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