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Last Updated : Apr 03, 2019 09:41 AM IST | Source: Moneycontrol.com

Jet Airways falls 3% on grounding of 15 more planes

At 0929 hrs, Jet Airways was quoting Rs 256.25, down 3.27 percent on the BSE.

Shares of cash strapped airline Jet Airways plummeted more than 3 percent intraday on April 3 after an additional 15 airlines were grounded, making it the smallest operating pan-Indian carrier with just 12-15 active planes to carry out domestic operations.

The beleaguered airline in its BSE release said that the aircraft were grounded due to non-payment of rent.

According to a report in The Economic Times, Jet is now flying just 29 planes - ten 737 NGs, seven ATR turboprops for short local routes, and a dozen wide-bodied Airbus A330s and Boeing 777s, compared to 124 aircraft in operations in December.

At 0929 hours, Jet Airways was quoting Rs 256.25, down 3.27 percent on the BSE.
First Published on Apr 3, 2019 09:41 am