India’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.” The carrier said it is “making all efforts to minimize disruption to its network” caused by the four parked aircraft. Jet did ...

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