Jet Airways grounds four aircraft after failure to pay aircraft lessors

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First delivery of Boeing 737 MAX to Jet Airways (PRNewsfoto/Boeing)

Ailing Jet Airways was forced to ground four aircraft on Thursday (7 February) after failure to pay outstanding amounts to aircraft lessors under lease agreements. The airline wrote a letter to the Bombay Stock Exchange (BSE) on this disappointing news. Some positive news: three aircraft that were grounded for engine normalization are back in commercial operations.

Four aircraft have been grounded due to non-payment of amounts outstanding to lessors under lease agreements. Jet Airways is actively engaged with all its aircraft lessors and regularly provides them with updates on efforts undertaken by Jet Airways to improve its liquidity. Aircraft lessors have been supportive of Jet Airways’ efforts in this regard.

Jet Airways is making all efforts to minimize disruption to its network due to the above and is proactively informing and re-accommodating its affected guests. Jet Airways also continues to provide required and periodic updates to the Directorate General of Civil Aviation in this regard.

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