India’s Jet Airways has been forced to ground more of its aircraft because of lease payment defaults, as negotiations continue over a bailout plan and an ownership reshuffle for the Mumbai-based carrier. Jet Airways admitted in a Feb. 7 stock market filing that it had grounded four aircraft after missing lease payments. Since then it has added to the total in six more filings. With the latest addition of two aircraft on March 4, the carrier’s list of grounded aircraft has ...

Subscribe to Access this Entire Article

"Jet Airways grounds more aircraft on lease payment defaults" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.