Jet Airways cancels flights as four more planes are grounded by lessors3 min read 18 Mar 2019, 12:21 PM IST
About 60 Jet Airways planes—half of its pre-crisis fleet—are now grounded, even as a deadlock between Jet lenders and Etihad over a bailout continues
As a result, in yet another default, Jet Airways says it was delaying interest payment due on 19 March to debenture holders
Mumbai: Cash-strapped Jet Airways (India) Ltd said lessors had grounded four more planes on Monday because of non-payment of dues, taking the total number of such aircraft to about 60, or about half its pre-crisis fleet. The groundings resulted in several flight cancellations on Monday.
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