Jet Airways grounds 7 more planes on payment default
28th Feb 2019

Jet Airways has grounded seven more aircraft due to non-payment of amounts outstanding to lessors under their respective lease agreements. So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors. Faced with acute financial crises, the airline is looking to restructure its debt as well as raise funds.

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.