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    HomeNewsBusinessJet Airways grounds four more planes, taking total to 32

    Jet Airways grounds four more planes, taking total to 32

    With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

    Reuters
    March 12, 2019 / 19:06 IST
    (Image: Reuters)

    (Image: Reuters)

    Jet Airways Ltd said on Tuesday it grounded four more aircraft, taking the number to 32 which is more than a fourth of its fleet, as the carrier failed to make payments to its lessors.

    With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

     

    Reuters
    first published: Mar 12, 2019 07:03 pm

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