One fifth of Jet Airways’ fleet has been grounded over non-payment of lease rentals

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Jet Airways’ financial situation seems to be deteriorating every day, several media are reporting that the airline has grounded 20% of its fleet over non-payment of lease rentals. But that seems to be the official figure as blogger Ameya (Twitter: @khabri_lal) discovered that not less than 38% of Jet Airways’ fleet has been grounded.

  • 33 Boeing 737 (all Boeing 737 MAX 8 aircraft)
  • 10 ATR
  • 1 Boeing 777
  • 1 Airbus A330
  • 45 in total

Around 100 Jet Airways’ aircraft are leased from lessors including GECAS, Aircastle and BOC Aviation.

The ailing airline, once the link between India and the United States (via Brussels Airport)  allegedly requires $500 million between now and April to recover from the situation. One week ago it became public that founder Chairman Naresh Goyal might step down from his function. It is questionable how minority shareholder Etihad Airways feels about the financial situation of jet airways. Next week, Etihad’s Board will take a position.

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