Three Boeing 737 aircraft rejoin Jet Airways fleet1 min read . Updated: 31 Jan 2019, 10:24 PM IST
- Jet Airways has convened an EGM of shareholders on 21 Feb to raise authorized share capital from ₹200 cr to ₹2,200 cr
- The developments are expected to allay fears of continued flight cancellations by India’s second-largest local airline
MUMBAI : Jet Airways (India) Ltd has restored three Boeing 737 aircraft into its fleet after two consecutive days of flight disruptions that affected hundreds of domestic passengers. The airline added the planes on Thursday after completion of their engine ‘normalisation exercises’, a company spokesperson said.
The developments are expected to allay fears of continued flight cancellations by India’s second-largest local airline. Jet Airways also returned three planes to lessors after the “scheduled" expiry of their leasing periods, the carrier said on Wednesday.
The spokesperson did not say whether Jet Airways has cancelled flights on Thursday.
Earlier this week, Mint reported that several Boeing 737 planes of Jet Airways have been repossessed by lessors recently while another was grounded at Mumbai due to engine snags, causing flight cancellations.
The airline, controlled by promoter and chairman Naresh Goyal, is combating a cash crunch amid high jet fuel costs and intense competition.
Jet Airways has convened an extraordinary general meeting of shareholders on 21 February to vote on a proposal to raise its authorized share capital from ₹200 crore to ₹2,200 crore, in an effort to garner fresh investments, including from Goyal and Etihad Airways PJSC, which has a 24% stake.