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Lessors doubt Jet Airways rescue plan, pull out more planes

Updated : February 22, 2019 07:02 AM IST

The troubles at India's Jet, which is saddled with a billion dollars in debt, have rekindled memories of Kingfisher Airlines' collapse in 2012 that forced lessors to write off millions of dollars. Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.
"There's some talk that the money is going to come but lessors have heard this for too long," one leasing source said on condition of anonymity due to the sensitivity of the matter.
Lessors doubt Jet Airways rescue plan, pull out more planes

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