Monday, April 08, 2019

More aircraft likely to be grounded, de-registered

Mumbai: Lessors to Jet Airways are set to ground four more Boeing 737 aircraft on account of non-payment of dues. Different lessors have also petitioned the Directorate General of Civil Aviation (DGCA) to de-register 11 aircraft. According to a source close to the development, the airline has unpaid dues of ₹400-500 crore towards these lessors for the past three-six months, for which a case may be registered against it.

“An application has been given to DGCA to de-register 11 aircraft. All of these are Boeing 737 used on domestic routes. Two belong to the leasing company Avolon, five are from MCAP and four belong to SMBC. Also, of the nine Boeing 737 operational aircraft, four more will be grounded,” said the source.
08/04/19 Forum Gandhi/Business Line
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