Wednesday, April 03, 2019

With 15 more grounded, Jet Airways has just 20 planes in operations now

Mumbai: Cash-hit Jet Airways continues to navigate in troubled skies despite the SBI-led consortium of lenders taking over its management control last month as it Tuesday grounded as many as 15 more planes due to lease rental defaults leaving just 20 planes in its operational fleet.
In another development, its pilots body, the National Aviators' Guild has written to the aviation regulator DGCA & airline chief executive Vinay Dube, pressing for payment of three months of salary dues along with applicable interest.
With 15 more planes out of operations, its fleet has woefully come down to just 20 from as high as 123, operating over 650 flights across the country and the continents.
"An additional 15 aircraft have been grounded due to non-payment of outstanding to lessors under their respective lease agreements," Jet Airways said in an exchange filing this late evening.
With this, the number of planes grounded on account of lease rental defaults alone touched 69, which is more than half of its fleet, reducing the overall operational fleet less than one-sixth.
03/04/19 PTI/Economic Times
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