Aviation

Jet Airways defaults on rental fees, six more planes grounded

Updated : February 28, 2019 09:50 PM IST

Lessors to Jet Airways have grounded six more planes as the cash-strapped carrier has defaulted in paying rental fees.

In a statement on Thursday, the airline said, "The company is also making all efforts to minimise disruption to its network due to the above and is proactively informing and re-accommodating its affected guests."

Yesterday, Jet Airways has grounded seven planes, taking its total tally of grounded planes to 13.

In a filing to stock exchanges, the full-service airline said, "The company also continues to provide required and periodic updates to the Directorate General of Civil Aviation in this regard".

Earlier today, Jet Airways' founder Naresh Goyal agreed to step down as chairman of the airline's board.

Faced with acute financial woes, the airline is looking to restructure its debt as well as raise funds.

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Jet Airways defaults on rental fees, six more planes grounded

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