Jet Airways grounds 5 more planes due to rental default

MUMBAI: Jet Airways Wednesday withdrew five more aircraft from service owing to non-payment of lease

rentals, taking the total number of such non-operational aircraft to 37.

Naresh Goyal, the chairman of the cash-starved airline earlier this week had said more than 50 airplanes are not in

operations now.

The airline has a fleet of 119 planes, including five Boeing 737 Max, as per its website.

Since February 7, the airline for the first time had informed the exchanges of grounding of four planes on account

of rental payment defaults, it has withdrawn 37 of planes till Wednesday from service.

However, the actual number of grounded planes is much higher as  Goyal, in a letter to the airline’s equity partner

Etihad Airways chief executive Tony Douglas, last week had said over 50 aircraft are out of operations.

In a filing to the stock exchanges Wednesday, the airline said, “an additional five aircraft have been grounded

due to non-payment of rentals to the lessors under their respective lease agreements.” (AGENCIES)