Lessors doubt Jet Airways rescue plan, pull out more planes
5 years, 10 months ago

Lessors doubt Jet Airways rescue plan, pull out more planes

Live Mint  

Singapore/Bengaluru: International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said. Nine of Jet's planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and BOC Aviation Ltd among those who have pulled out planes, sources told Reuters. The rest are leased from many lessors including GE Capital Aviation Services, US-based BBAM and Japan's SMBC Aviation Capital, sources said, underscoring the need to get lessors on board with the bailout plan. Keskar said Jet's lessors were taking deliveries of new Boeing 737 MAX planes but that they had held back 4-5 of the jets in Seattle pending payment from the Indian carrier.

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History of this topic

Troubled Boeing stays close to the ground at a major UK air show
5 months, 2 weeks ago

Troubled Boeing stays close to the ground at a major UK air show

Associated Press  

LONDON — European planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the world’s biggest aviation trade fairs. Chief Operating Officer Stephanie Pope said Boeing was focused on “predictable deliveries” of jets to airline customers, and getting production of its troubled 737 Max jets back up to 38 per month. Boeing Global …

Boeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flight
11 months, 1 week ago

Boeing cuts its 4Q loss to $30 million, but that was before one of its jets lost a panel in flight

Associated Press  

Boeing narrowed its fourth-quarter loss to $30 million and increased production of its best-selling plane just before one of them suffered a blowout of a side panel during a flight, an accident that has raised new safety concerns about the aircraft manufacturer. However, the company declined to offer its own forecast of 2024 results — an indication of the uncertainty …

Boeing passenger jets grounded after fuselage rips open mid-flight
1 year ago

Boeing passenger jets grounded after fuselage rips open mid-flight

The Telegraph  

The plane had only been in service for a month, having been certified in October, according to FAA records. About 1,300 737 Max aircraft have been delivered to customers, Boeing data show, and they are primarily used in the US by Alaska Airlines and United. The FAA said its inspection of the domestic fleet of 737 Max 9 planes would …

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One
1 year, 2 months ago

Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One

Associated Press  

Boeing reported a $1.64 billion loss for the third quarter as it delivered fewer of its best-selling but problem-plagued 737 Max airliner and sunk more money into building two new Air Force One presidential jets. In its government work, Boeing reported a $482 million loss on its contract with the Air Force to build two new presidential jets because of …

SpiceJet plans to add 10 narrow-body Boeing aircraft, including five B737 Max
1 year, 7 months ago

SpiceJet plans to add 10 narrow-body Boeing aircraft, including five B737 Max

India TV News  

No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October. In the intervening period, the airline is working on restoring and reviving its grounded aircraft which will start returning …

Jet Airways revival hits new snag as banks push back on funding
2 years, 1 month ago

Jet Airways revival hits new snag as banks push back on funding

Live Mint  

Lenders to bankrupt Jet Airways India Ltd. are resisting a court-approved resolution plan, further delaying the former No. The primary dispute is about whether the new owners of Jet Airways need to pay more money into the pension funds of ex-employees, the people said, asking not to be identified because they’re not authorized to speak publicly about the matter. Banks, …

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground
3 years, 5 months ago

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

The Hindu  

Billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give plane maker Boeing a chance to regain lost ground after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say. Mr. Jhunjhunwala, known as “India’s Warren Buffett” for his successful stock investments, plans to team up with former CEOs of IndiGo, the country’s …

Airlines pull Boeing Max jets to inspect electrical systems
3 years, 9 months ago

Airlines pull Boeing Max jets to inspect electrical systems

Associated Press  

Airlines pulled dozens of Boeing Max 737s out of service for inspections after the aircraft maker told them about a possible electrical problem, the latest setback for the plane. Boeing traced the issue to a production change made after the worldwide fleet of Max jets was grounded in 2019, American’s chief operating officer, David Seymour, said in the memo. Alaska …

Boeing finally sees positive net orders for airplanes
3 years, 10 months ago

Boeing finally sees positive net orders for airplanes

Associated Press  

CHICAGO — Boeing Co. said Tuesday that it received more new orders than cancellations for commercial airplanes in February for the first time in 15 months. Boeing suffered several months when it reported no orders, as airlines parked unneeded planes and cut costs to conserve cash. Several of the February orders had been previously announced, including a United Airlines commitment …

Boeing loses more jet orders
4 years, 4 months ago

Boeing loses more jet orders

CNN  

New York CNN Business — Boeing lost orders for another 43 jets in July. The latest canceled orders were for the 737 Max, its best-selling jet, which has been grounded since March 2019 following two fatal crashes that killed 346 people. But despite the extended grounding, Boeing didn’t start to see a stream of canceled orders until the Covid-19 pandemic …

Canceled orders slow for Boeing
4 years, 7 months ago

Canceled orders slow for Boeing

CNN  

New York CNN Business — After three months of massive order cancellations for new jets, the bad news on canceled orders continued – but slowed – for Boeing in May. Boeing reported 46 canceled orders in February, followed by 150 in March and 108 in April, as the the world’s airlines’ finances crumbled. So it is relatively good news to …

Boeing deliveries drop to 11-year low, canceled orders continue to climb
4 years, 7 months ago

Boeing deliveries drop to 11-year low, canceled orders continue to climb

CNN  

New York CNN Business — Boeing was dealt a double blow in April as deliveries of new planes ground to a near halt and canceled orders continued to climb in response to an unprecedented drop in air travel caused by the coronavirus pandemic. But the near-term drop in demand for planes was evident as the airline reported 108 canceled orders …

SpiceJet's fleet expansion dreams hit as Boeing likely to delay 737 MAX aircraft deliveries amid suspension of production
5 years ago

SpiceJet's fleet expansion dreams hit as Boeing likely to delay 737 MAX aircraft deliveries amid suspension of production

Firstpost  

In August this year, SpiceJet had posted its biggest-ever quarterly profit of Rs 261.7 crore, as it flew more passengers and raised fares in the wake of the collapse of Jet Airways. Budget carrier SpiceJet’s capacity addition plans may be affected and the development is expected to affect it financially too as Boeing reportedly suspended the production of 737 Max …

Southwest Airlines Nixes Boeing 737 Max Planes From Its Fleet Until April
5 years ago

Southwest Airlines Nixes Boeing 737 Max Planes From Its Fleet Until April

NPR  

Southwest Airlines Nixes Boeing 737 Max Planes From Its Fleet Until April Enlarge this image toggle caption Mark Ralston/AFP via Getty Images Mark Ralston/AFP via Getty Images Updated at 6 p.m. ET Southwest Airlines — which operates more Boeing 737 Max planes than any other domestic carrier — will suspend the troubled jetliner type from its flight rotation for a …

Jet Airways’ grounding leaves tourism players a worried lot
5 years, 8 months ago

Jet Airways’ grounding leaves tourism players a worried lot

Live Mint  

Mumbai: The grounding of Jet Airways has left the tourism industry a worried lot as it has led to an average 25% spike in airfares across the sectors leading to massive hotel cancellations, says industry experts. "The impact of grounding of Jet Airways is not only restricted to the airlines sector as tourism has taken a severe beating due to …

Lenders explore ways to utilise 15 Jet Airways planes, protect valuable assets; proposals under consideration
5 years, 8 months ago

Lenders explore ways to utilise 15 Jet Airways planes, protect valuable assets; proposals under consideration

Firstpost  

New Delhi: Lenders are exploring ways to utilise about 15 planes owned by Jet Airways and also discussing with authorities on protecting the valuable assets, including airport slots, of the now-shuttered airline, banking sources said. The sources said the lenders are actively considering proposals, including from Air India, for utilising the planes owned by Jet Airways. Also, while the lenders …

Government to allocate 440 vacant Jet Airways slots to other airlines
5 years, 8 months ago

Government to allocate 440 vacant Jet Airways slots to other airlines

Live Mint  

With Jet Airways suspending operations, as many as 440 slots are vacant at Delhi and Mumbai airports which will be allocated to other airlines in a transparent manner, a senior official said Thursday. Civil Aviation Secretary Pradeep Singh Kharola also said Jet Airways is expected to provide information next week to the ministry about tickets booked by passengers and how …

Air India keen on taking 5 grounded Jet Boeings
5 years, 8 months ago

Air India keen on taking 5 grounded Jet Boeings

Live Mint  

New Delhi: Air India wants to take 4-5 wide-body Boeing 777 aircraft of the now-grounded Jet Airways and may hold discussions for it with the airline's lead lender State Bank of India. Jet Airways has 10 Boeing 777 in its fleet which it used to serve various popular destinations in Europe and North America before halting the entire international operations. …

WATCH | Emotional moment when the last Jet Airways flight left airport as airline nosedived
5 years, 8 months ago

WATCH | Emotional moment when the last Jet Airways flight left airport as airline nosedived

India Today  

After 25 years of treating Indians to the "joy of flying", Jet Airways, once the second-largest airline in the country, stopped all operations last night. At 10:19 last night, Jet Airways Flight 9W2502 pushed back from a terminal gate at the Amritsar airport. But for now, Jet Airways has hit deadly turbulence and has become the seventh Indian airline to …

Jet Airways lenders refuse more funding as airline risks shutdown
5 years, 8 months ago

Jet Airways lenders refuse more funding as airline risks shutdown

Live Mint  

Mumbai: Lenders to Jet Airways Ltd have refused funding to the cash-strapped carrier, according to people familiar with the situation, forcing the nation’s oldest surviving private airline to consider a temporary shutdown. Jet Airways, which broke into the monopoly of state-run Air India Ltd in the early 1990s, went in a tailspin after a slew of budget airlines started offering …

Over 1,000 Jet Airways pilots not to fly from Monday due to unpaid salaries
5 years, 8 months ago

Over 1,000 Jet Airways pilots not to fly from Monday due to unpaid salaries

Live Mint  

More than a thousand pilots of India's debt-laden Jet Airways will not fly from on Monday as they have not been paid salaries for the past three months, the President of the National Aviators Guild said on Sunday. An urgent meeting to discuss the Jet situation was held at the prime minister's office on Friday, which was also attended by …

Crisis at Jet Airways worsens: Fleet now down to 11 aircraft; PMO steps in
5 years, 8 months ago

Crisis at Jet Airways worsens: Fleet now down to 11 aircraft; PMO steps in

Hindustan Times  

Troubles at Jet Airways mounted on Friday, prompting the Prime Minister’s Office to hold an urgent meeting as the carrier’s fleet dropped to a mere 11 and it decided to extend its cancellation of international operations till Monday. After participating in the meeting at the PMO, Kharola held a meeting through video conference with the management of Jet Airways. According …

Suresh Prabhu directs civil aviation secretary to review Jet Airways’ issues
5 years, 8 months ago

Suresh Prabhu directs civil aviation secretary to review Jet Airways’ issues

Live Mint  

Aviation Minister Suresh Prabhu on Friday directed civil aviation secretary Pradeep Singh Kharola to review issues concerning Jet Airways, which has been operating with less than 10 planes. "Directed Secretary MoCA to review issues related to Jet Airways. According to airline sources, Jet Airways will operate only nine planes -- two Boeing 737s and seven regional Jet ATRs -- on …

Jet Airways, once India’s biggest airline, fights to keep flying
5 years, 8 months ago

Jet Airways, once India’s biggest airline, fights to keep flying

Live Mint  

Jet Airways India Ltd.’s fleet has shrunk by almost 90 percent as the cash-strapped airline struggles to find funds to operate, forcing the nation’s oldest surviving private airline to drastically curtail its scheduled flights amid a hunt for a new investor. The carrier, once India’s biggest by market capitalization, was forced to ground 10 more jets after it failed to …

SpiceJet to lease 16 Boeing 737s to fill gap as groundings push up fares
5 years, 8 months ago

SpiceJet to lease 16 Boeing 737s to fill gap as groundings push up fares

Live Mint  

Budget Indian airline SpiceJet Ltd said on Friday it planned to lease a "first lot" of 16 Boeing Co 737-800s to help fill a gap in aviation capacity that ratings agency ICRA said has pushed up fares by 30 to 40 percent since September. However, the bulk of the reduction, which ICRA said removed 15 percent of market capacity, is …

Jet Airways cancels all long-haul international flights
5 years, 8 months ago

Jet Airways cancels all long-haul international flights

CNN  

CNN — Struggling Indian airline Jet Airways has canceled all its international flights, raising fears that it may be close to collapse. The airline said in a statement on Friday that it “has canceled its international operations from 12th to 15th April.” All of Jet’s long-haul services — including to London, Paris and Amsterdam — were suspended from Thursday night, …

Crisis deepens for Jet Airways as pilots plan to protest in uniform
5 years, 8 months ago

Crisis deepens for Jet Airways as pilots plan to protest in uniform

India Today  

Jet Airways domestic pilots' body, the National Aviators Guild, has decided to increase the pressure on its management over unpaid salaries by reiterating its decision to go on strike on April 15, and protest in full uniform. According to an internal communication, in a late-night development, the NAG committee decided that the pilots will march to the Jet Airways headquarters …

DGCA deregisters 7 aircraft of Jet Airways, allows lessors to take them back; vendors seek similar action on 24 more planes
5 years, 8 months ago

DGCA deregisters 7 aircraft of Jet Airways, allows lessors to take them back; vendors seek similar action on 24 more planes

Firstpost  

While the airline has a fleet of about 119 aircraft, civil aviation secretary Pradeep Singh Kharola said on 4 April that only 26 aircraft of Jet Airways are flying “currently”. New Delhi: Aviation regulator DGCA announced it deregistered seven Boeing 737-800 aircraft of Jet Airways on Wednesday, allowing its lessors to take the planes out of the country so that …

Avolon seeks to de-register two planes leased to Jet Airways
5 years, 9 months ago

Avolon seeks to de-register two planes leased to Jet Airways

Live Mint  

Singapore: Avolon, one of the world's biggest aircraft lessors, applied to de-register two planes it had placed with Jet Airways Ltd, making it the first lessor to do so on a non-consensual basis with the struggling Indian airline. Two subsidiaries of Dublin-based Avolon applied to India's Directorate General of Civil Aviation to de-register two Boeing 737-800s, according to notices published …

Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banks
5 years, 9 months ago

Jet Airways grounds more planes after failing to pay lessors; seeks access to bailout funds promised by banks

Firstpost  

With a smaller operating fleet, Jet Airways has given pilots and cabin crew the option of flexible working days and taking extended leave with or without pay. New Delhi: India’s Jet Airways said it has grounded more planes after failing to pay lessors, as the debt-laden carrier — which also owes salaries to pilots and crew — works to secure …

Jet Airways shares rise 6% to near 10-week high after government official rules out grounding more planes
5 years, 9 months ago

Jet Airways shares rise 6% to near 10-week high after government official rules out grounding more planes

Firstpost  

Jet is in talks with leasing companies to restart operating several of its grounded aircraft, Pradeep Singh Kharola, secretary at the civil aviation ministry said Jet Airways Ltd’s shares rose about 6 percent on Wednesday to a near 10-week high, after a top aviation ministry official ruled out grounding more planes and said the carrier would fly 40 more aircraft …

Jet Airways to fly 40 more planes by end April; in talks with leasing companies to restart operation of grounded aircraft
5 years, 9 months ago

Jet Airways to fly 40 more planes by end April; in talks with leasing companies to restart operation of grounded aircraft

Firstpost  

Gasping for funds and no bailout on the horizon, the crisis-hit Jet Airways reduced its operations to one-fourth from over 600 daily flights earlier, with just one-third of its 119 fleet being operational. Jet Airways will fly 40 more planes by the end of next month and is in talks with leasing companies to restart operating several of its grounded …

Govt said to offer SpiceJet Jet Airways grounded planes
5 years, 9 months ago

Govt said to offer SpiceJet Jet Airways grounded planes

Live Mint  

Mumbai: India is mulling options to save jobs at Jet Airways India Ltd. including asking low-cost carrier SpiceJet Ltd. to consider taking over some of the debt-laden company’s aircraft, people with knowledge of the matter said. The proposal involves SpiceJet, led by Chairman Ajay Singh, acquiring as many as 40 of Jet Airways’ grounded planes that are owned by lessors, …

260 Jet pilots, grounded planes lessors approach SpiceJet
5 years, 9 months ago

260 Jet pilots, grounded planes lessors approach SpiceJet

The Quint  

Mumbai, March 20 Financially troubled Jet Airways seems to be headed towards more turbulence as around 260 of its pilots have applied to join SpiceJet, even as investors like public sector banks struggle to stitch a rescue plan for the airline. The apparent jostle of pilots to get out of Jet Airways comes as the airline's lessors offered 50 of …

Jet Airways crisis worsens as govt steps in, pilots threaten strike
5 years, 9 months ago

Jet Airways crisis worsens as govt steps in, pilots threaten strike

Live Mint  

New Delhi: A crisis at Jet Airways Ltd deepened on Tuesday as an increasingly worried government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries. Several angry passengers were seen demanding pending refunds for cancelled flights at Jet Airways' offices in Mumbai earlier on Tuesday, a source told Reuters. The …

Jet Airways grounds 4 more planes for non-payment of lease rentals
5 years, 9 months ago

Jet Airways grounds 4 more planes for non-payment of lease rentals

India TV News  

Cash-strapped Jet Airways Monday said it has grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41. an additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges. Earlier this month, …

Jet Airways grounds 4 more planes for non-payment of lease rentals; total number of non-operational aircraft stands at 41
5 years, 9 months ago

Jet Airways grounds 4 more planes for non-payment of lease rentals; total number of non-operational aircraft stands at 41

Firstpost  

New Delhi: Cash-strapped Jet Airways on Monday said it has grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41. “… an additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements,” the airline said in a filing to the stock …

Jet Airways cancels flights as four more planes are grounded by lessors
5 years, 9 months ago

Jet Airways cancels flights as four more planes are grounded by lessors

Live Mint  

Mumbai: Cash-strapped Jet Airways Ltd said lessors had grounded four more planes on Monday because of non-payment of dues, taking the total number of such aircraft to about 60, or about half its pre-crisis fleet. “I don’t think Etihad will pull out as it will be difficult to get investors willing to buy the stake at a good value.” Queries …

Cash-strapped Jet Airways grounds 4 more planes over non-payment of lease rentals
5 years, 9 months ago

Cash-strapped Jet Airways grounds 4 more planes over non-payment of lease rentals

India Today  

Cash-strapped Jet Airways has grounded four more plans after failing to repay lease rentals for them. "An additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges. Jet Airways Chairman Naresh Goyal raised concern over the fact that more than 50 …

Some lessors to end deals with Jet Airways, prepare to fly planes out of India: Report
5 years, 9 months ago

Some lessors to end deals with Jet Airways, prepare to fly planes out of India: Report

Live Mint  

Some lessors of India's Jet Airways have begun terminating lease deals over unpaid dues and are preparing to move the leased planes abroad, escalating a crisis for the cash-strapped carrier, five sources with knowledge of the matter told Reuters. Two lessors have applied to the Directorate General of Civil Aviation to deregister at least five planes leased to Jet, three …

Boeing 737 Max grounding: SpiceJet cancels 14 flights, offers full refund
5 years, 9 months ago

Boeing 737 Max grounding: SpiceJet cancels 14 flights, offers full refund

Live Mint  

Consequent to a Directorate General of Civil Aviation order, SpiceJet has started grounding its fleet of Boeing 737 Max 8 aircraft and has cancelled 14 flights that were scheduled for today. It said that while a majority of passengers affected as a result of these cancellations had been accommodated by SpiceJet on alternate flights, the rest have been offered a …

India grounds Boeing 737 MAX planes; Jet, SpiceJet shares fall
5 years, 9 months ago

India grounds Boeing 737 MAX planes; Jet, SpiceJet shares fall

Live Mint  

India is grounding US planemaker Boeing Co's 737 MAX aircraft immediately, the ministry of civil aviation said late on Tuesday, following the fatal crash of a plane of the same type in Ethiopia on Sunday. Jet Airways Ltd and SpiceJet Ltd, two top Indian airlines, operate Boeing 737 MAX 8 aircraft. SpiceJet suspended Boeing 737 Max operations after the regulator's …

Boeing 737 Max ban: Brace yourself for flight cancellations, ticket price hikes
5 years, 9 months ago

Boeing 737 Max ban: Brace yourself for flight cancellations, ticket price hikes

Live Mint  

New Delhi: India's ban on Boeing 737 Max planes is set to disrupt country's aviation indusry as flight cancellations and surge in flight ticket prices are likely to kick in over the next few days. Budget airline SpiceJet Ltd has 13 Boeing 737 Max aircraft in its fleet while Jet Airways Ltd has five. "SpiceJet has suspended Boeing 737 Max …

Jet Airways grounds 4 more planes due to non-payment of lease rentals; 32 aircraft taken out of operations so far
5 years, 9 months ago

Jet Airways grounds 4 more planes due to non-payment of lease rentals; 32 aircraft taken out of operations so far

Firstpost  

Jet Airways on Tuesday said it has grounded another four of its aircraft due to non-payment of lease rentals Mumbai: Financially-stressed Jet Airways on Tuesday said it has grounded another four of its aircraft due to non-payment of lease rentals. In a filing to the stock exchanges, the full-service airline said, “An additional four aircraft have been grounded due to …

The 737 scare
5 years, 9 months ago

The 737 scare

Live Mint  

India’s aviation industry may face fresh turbulence as safety concerns grow over Boeing’s 737 Max 8 aircraft. Chinese authorities have grounded these aircraft after an Ethiopian Airlines plane crashed on Sunday, killing 157 people. SpiceJet has 13 Boeing 737 Max 8 planes and Jet Airways has five, and the two have together ordered hundreds more of them. Fares have meanwhile …

Boeing responds to grounding of its 737 Max
5 years, 9 months ago

Boeing responds to grounding of its 737 Max

CNN  

New York CNN Business — As countries and airlines around the globe ground their 737 Max planes, Boeing continues to claim its planes are safe to fly. I don’t think they can win either way here.” Acting FAA Administrator Daniel Elwell said Tuesday that the agency’s review of the 737 Max “shows no systematic performance issues and provides no basis …

Jet Airways planes to be redeployed if no restructure agreed this month, says lessor’s CEO
5 years, 10 months ago

Jet Airways planes to be redeployed if no restructure agreed this month, says lessor’s CEO

Firstpost  

“We have grounded our aircraft, we have control over our aircraft, but we have not terminated the leases and we are waiting for the airline to approve all its restructuring with the State Bank of India,” FLY Leasing CEO Colm Barrington told analysts on results call on Thursday Singapore: FLY Leasing Ltd has grounded three planes on lease to Jet …

Only 70 out of 119 Jet Airways aircraft operational, more planes likely to be grounded: DGCA
5 years, 10 months ago

Only 70 out of 119 Jet Airways aircraft operational, more planes likely to be grounded: DGCA

Firstpost  

The official described the situation as “dynamic”, indicating more aircraft of Jet Airways could be grounded. New Delhi: More aircraft of beleaguered private carrier Jet Airways have been grounded, mainly due to non-payment to lessors, taking the total number to 49, senior DGCA official said on Thursday. The “remaining 49 aircraft are grounded” and the airline has been told to …

Jet Airways removes 2 more planes from operations ,21 on ground so far
5 years, 10 months ago

Jet Airways removes 2 more planes from operations ,21 on ground so far

Live Mint  

Financially-stressed Jet Airways on Friday said two more of its aircraft have been grounded due to non-payment of lease rentals. With this, the total number of aircraft taken out of operations due to cash crunch in the airline and its subsequent failure to pay rentals to various lessors has gone up to 21 so far. In a filing to the …

Jet Airways scrip falls as more planes grounded
5 years, 10 months ago

Jet Airways scrip falls as more planes grounded

The Quint  

Mumbai, Feb 28 Jet Airways on Thursday said that it has grounded more aircraft, taking the total to 19, over its non-repayment of dues to lessors. "Further to our letter dated 27 February, 2019, we now write to inform you that an additional six aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease …

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