Thursday, May 16, 2019

DGCA de-registers 83 Jet Airways' aircraft including 2 B777s, 6 A330s

Aviation regulator Directorate General of Civil Aviation (DGCA) has de-registered 83 aircraft of Jet Airways so far including six Airbus A330s and two Boeing B777s.

Latest data shows DGCA has de-registered 67 aircraft of Boeing 737 family including the MAX type, eight ATRs, two B777 and six A330s. The regulator is also considering requests for de-registeration of 11 more aircraft.

Three Boeing 737s, six ATRs and two Boeing B777s are currently under the radar of the regulator.

Bank of Scotland PLC is the mortgagee of these two B777s and JIHB DAC from Ireland is the owner.

The airline, which had a total fleet size of around 119 planes until a few months ago, owned 16 planes including 10 Boeing 777s. The wide-bodied Boeing 777 planes, along with slots and international traffic rights, formed a key asset for the grounded airline while it looks out for an investor.

In fact, even the debt resolution program prepared by the lenders, accounted for refinancing of aircraft loans and additional secured facilities worth  Rs 2,400 crore for 10 Boeing 777s and sale and leaseback of at least three Airbus A330 planes of the cash-strapped airline.
16/05/19 Anu Sharma/CNBC TV18

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