Tuesday, March 12, 2019

Jet Airways grounds four more planes, taking total to 32

Jet Airways Ltd said on Tuesday it grounded four more aircraft, taking the number to 32 which is more than a fourth of its fleet, as the carrier failed to make payments to its lessors.

With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
12/03/19 Reuters/moneycontrol.com

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