New Delhi: Jet Airways’ fleet now comprises less than 15 operational aircraft, news agency PTI quoted Civil Aviation Secretary P S Kharola as saying. The debt-laden airline that had a total fleet of 119 planes, has been grounding its aircraft in tranches due to non-payment of dues to lessors. “Currently, Jet Airways is operating less than 15 aircraft. The airline’s eligibility to fly internationally needs to be examined,” he said, reported ANI.
In announcements made since January this year, the cash-strapped airline has rendered more than 54 planes non-operational due to lease rental defaults. After more 15 aircraft were grounded on Tuesday evening, Kharola said the current fleet “would be less than about 15”. Till “yesterday, it was 28,” he added.
After the reports came out, shares of the company fell up to 4 per cent on Wednesday. On BSE, the stock opened on a negative note at Rs 257.80 and further declined 3.90 per cent to a low of Rs 254.55. Similarly, on NSE, the scrip touched a low of Rs 254.40, down 4 per cent from the previous close.
03/04/19 Indian Express
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In announcements made since January this year, the cash-strapped airline has rendered more than 54 planes non-operational due to lease rental defaults. After more 15 aircraft were grounded on Tuesday evening, Kharola said the current fleet “would be less than about 15”. Till “yesterday, it was 28,” he added.
After the reports came out, shares of the company fell up to 4 per cent on Wednesday. On BSE, the stock opened on a negative note at Rs 257.80 and further declined 3.90 per cent to a low of Rs 254.55. Similarly, on NSE, the scrip touched a low of Rs 254.40, down 4 per cent from the previous close.
03/04/19 Indian Express
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