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Jet Airways grounds 6 more planes on payment default

01 Mar 2019 Evaluate

Jet Airways has grounded 6 more aircrafts due to non-payment of lease rentals. Due to a severe liquidity crunch in the airline and its subsequent failure to pay rentals to various lessors, the total numbers of aircraft taken out of operations stand at 19 so far this month.

Jet Airways is India’s premier international airline, which operates flights to India and overseas. The company’s robust domestic India network spans the length and breadth of the country covering metro cities, state capitals and emerging destinations.

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Company Name CMP
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