Exclusive: Lessors to India’s troubled Jet Airways consider taking back planes -sources


Crisis talks between India’s cash-strapped Jet Airways Ltd (JET.NS) and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter told Reuters.

In what one of the people described as an ill-tempered showdown between the airline and some of the world’s leading leasing firms, Jet’s main lender State Bank of India (SBI.NS) sought to provide reassurance that India’s biggest full-service carrier is doing all it can to pay its staff, suppliers and creditors.

“Jet has been delinquent for many months. Nobody wants to get in a situation where the problems worsen and it becomes even more difficult to take out aircraft,” one of the people said. Read More

You may also read!

Fire damages submarine at Mumbai yard

An accidental fire at a naval dockyard resulted in damage to a recently upgraded Kilo class submarine. The Navy

Read More...

BSF nabs maoist in Odisha’s Malkangiri

A maoist, carrying a reward of Rs 1 lakh on his head, was apprehended by Border Security Force (BSF)

Read More...

2 Days After Space Station News, ISRO Calls For ‘docking Experiments’ On PSLV Stage-4

Just two days after the Indian Space Research Organisation (ISRO) chairman Sivan K announced India is looking to have

Read More...

Leave a reply:

Mobile Sliding Menu