Jet Airways Grounds Four More Planes Due To Non-Payment Of Lease Rentals
A Boeing Co. 737 aircraft operated by Jet Airways India Ltd. taxies at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Jet Airways Grounds Four More Planes Due To Non-Payment Of Lease Rentals

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Cash-strapped Jet Airways (India) Ltd. said it has grounded four more planes, taking the number of aircraft that are non-operational due to non-payment of lease rentals to 41.

Grappling with financial woes, the carrier has been looking at ways to raise fresh funds.

"... an additional four aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements," the airline said in a filing to the stock exchanges.

According to the company, it is actively engaged with all its aircraft lessors and is regularly providing them with updates on the efforts taken to improve the liquidity.

"Aircraft lessors have been supportive of the company's efforts in this regard," it said, adding that all efforts are being made to minimise disruption to its network.

Also read: Aviation Regulator May Bar Jet Airways From Taking Advance Bookings 

Earlier this month, Jet Airways Chairman Naresh Goyal said that more than 50 of its aircraft were not operating.

As per its website, the airline has a fleet of 119 planes.

Also read: Only 70 Out Of 119 Jet Airways Aircraft Operational, Says DGCA Official

"The payment of interest due on March 19, 2019, to the debenture holder will be delayed owing to temporary liquidity constraints," it said in a separate filing.

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