Monday, March 4, 2019

Jet Airways grounds two more planes
Mumbai:04.03.2019

Beleaguered carrier Jet Airways has grounded two more of its aircraft due to nonpayment of lease rentals, taking the total number of planes on ground to 23. With the grounding of two more planes, almost 20% of aircraft in the airlines fleet are now out of operations.

“An additional two planes have been grounded due to nonpayment of amounts outstanding to lessors under their respective lease agreements,” Jet said in a filing to the stock exchanges on Saturday.

It also said that it is actively “engaged” with all its aircraft lessors and regularly provides them with updates on the efforts undertaken to improve its liquidity. Jet said it was making all efforts to minimise disruption to its network due to the grounding of the planes and was pro-actively informing and re-accommodating its affected guests.

After announcing the grounding of four of its planes on February 7 for non-payment to lessors, the airline took another two aircraft out of operations due to similar reasons on February 23. AGENCIES

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