India’s Jet Airways has grounded more aircraft because of lease payment defaults, as the carrier remains in financial limbo awaiting a restructuring deal. The airline issued another update on its grounded aircraft total, its 11th such update since early February. It added four more to the total, which is now more than 40. As of the end of December, Jet had 123 aircraft in its operating fleet, according to its latest earnings report. The airline also said it will default on an ...

Subscribe to Access this Entire Article

"Jet Airways grounds more aircraft as restructuring talks continue" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? Log in here.