USNMix Report: Crisis
continues on Jet Airways,
23 planes standing due to non-payment of revenue.
23 planes standing due to non-payment of revenue.
About 20 per cent of the Jet
Airways fleet is out of operation.
Jet Airways, a financial
crisis-hit airline, has made two more aircrafts due to lack of rent. Due to not
being able to pay the rent, the company has so far made 23 aircraft. With the
stand of these two planes, nearly 20 per cent of the Jet Airways fleet have
been out of operation. The company said in a notification given to the stock
exchanges on Saturday, "Two more aircraft had to be set up because of
leasing agreement, due to non-payment of leasing companies."
The company also said that
"negotiation" is being actively engaged with all the air charter
companies and regular information is being given about the steps being taken to
improve cash situation. Jet Airways said that due to the standing of these
aircraft, all the efforts are being made to minimize the problems faced by the
network and the passengers are being informed about this.
Apart from this, the company
is also giving regular information to Directorate General of Civil Aviation in
this regard. Earlier, Jet Airways had made seven and six aircraft respectively
on February 27 and February 28 due to non-payment of rent. The company is
negotiating with investing additional capital from its affiliate Etihad.
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