Saturday, January 12, 2019

Jet’s lessors may take back planes

Singapore/New Delhi: Crisis talks between cash-strapped Jet Airways and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter told Reuters.
In what one of the people described as an ill-tempered showdown between the airline and some of the world's leading leasing firms, Jet's main lender SBI sought to provide reassurance that India's biggest full service carrier is doing all it can to pay its staff, suppliers and creditors. "Jet has been delinquent for many months," one of the people said.
12/01/19 Reuters/Times of India