Jet Airways to ground four aircraft due to overdue payments
Mumbai - Jet Airways is forced to ground four aircraft due to overdue payments to leasing companies. The Indian carrier acknowledged it in a statement sent to the BSE, the Mumbai stock exchange.
Jet Airways did not reveal which aircraft to be grounded. In its statement to BSE, the company also cleared that other three aircraft which were also temporarily withdrawn for engine maintenance, have been put back into service. The fleet of Jet Airways consists of 124 aircraft.
Jet Airways has been in financial distress for some time. Last month, the company had to postpone its payments to a consortium of Indian banks.