Jet Airways: Some planes grounded for technical reasons
NEW DELHI: Cash-starved carrier Jet Airways India Ltd said some aircraft were grounded because of technical and temporary reasons, denying a news report that said the planes were not flying because of a default in lease-rent payment.
The carrier, struggling to repay debt, is regularly providing updates to lessors on efforts to improve liquidity and they, including GECAS, have been supportive, Jet said in a stock exchange filing.
Jet has grounded one aircraft for expiration of its engine lease, while another was idled for technical reasons.
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