Jet Airways grounded six more planes due to non-payment

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MUMBAI: Loss-making carrier Jet Airways
on Thursday said six more aircraft have been grounded due to

non-payment of lease rentals.

With this, the total number of aircraft taken out of
operations due to severe liquidity crunch in the airline and

its subsequent failure to pay rentals to various lessors now
stand at 19 so far this month, as per the airline.

In a filing to the stock exchanges, the full-service
airline said, “An additional six aircraft have been grounded

due to non-payment of amounts outstanding to lessors under their respective lease agreements.”

The carrier also said it is making all efforts to
minimise disruption to its network due to the grounding of

these planes and is “proactively” informing and
re-accommodating its affected guests, it said.

Jet Airways also continues to provide required and
periodic updates to the Directorate General of Civil Aviation

in this regard, the airline added.

Grappling with financial stress due to four
consecutive quarterly losses, the airline is looking to

restructure its debt as well as raise funds.

Its board and shareholders have already approved a
bailout plan by the lenders. (AGENCIES)

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