Jet Airways grounds four aircraft on lease defaults

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Jet Airways grounds four aircraft on lease defaults

Postby Greg on Sun Feb 10, 2019 7:18 pm

ndia’s Jet Airways confirms it has been forced to ground four aircraft because of defaults on lessor payments, as the airline continues to work on a bailout plan.

In a stock exchange statement dated Feb. 7, Jet said the aircraft are grounded because of “non-payment of amounts outstanding to lessors under lease agreements.”

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