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