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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. Grappling with financial woes, the carrier has been looking at ways to raise fresh funds.
“... 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.
According to the compa
Jet Airways and Etihad have expressed confidence that once a bank-led resolution plan is implemented, the distressed Indian airline will re-emerge as a viable and robust airline
“Aircraft lessors have been supportive of the company’s efforts in this regard,” it said, adding that all efforts are being made to minimise disruption to its network.
Earlier this month, Jet Airways Chairman Naresh Goyal said that more than 50 of its aircraft were not operating. According to its website, the airline has a fleet of 119 planes.
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