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Jet Airways grounds 4 planes after failing to pay lease rent
short by Gaurav Shroff / on 08 Feb 2019,Friday
Cash-strapped Jet Airways said it has grounded four planes from its 123-strong fleet after failing to pay its lease rentals amid debts worth $1.1 billion. Earlier, it was reported that the Mumbai-based carrier accepted a bailout plan from Etihad Airways under which Etihad would increase its stake from 24% to 40%, and Founder and Chairman Naresh Goyal would step down.
short by Gaurav Shroff / 03:36 pm on 08 Feb
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