Less than 15 aircraft of debt-hit Jet Airways currently operational: Govt

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India
oi-PTI

New Delhi, Apr 03: Lower than 15 plane of Jet Airways are presently operational, Civil Aviation Secretary P S Kharola stated on Wednesday. The SBI-led consortium of lenders had taken over the administration of the cash-hit Jet Airways final month.

Requested in regards to the energetic fleet of the beleaguered airline, the Civil Aviation Secretary stated right here that “yesterday, it was 28”.

On the airline informing inventory exchanges on Tuesday night that 15 extra plane have been grounded, Kharola stated the present fleet “would be less than about 15”.

The airline has round 119 plane in its fleet. In the previous couple of weeks, the airline has been grounding its plane in tranches resulting from non-payment of dues to lessors. Relating to funding problems with the airline, Kharola – who was talking on the sidelines of an occasion – stated, “The difficulty is between bankers and Jet administration.

So they’re discussing with one another. The non-public provider on Tuesday stated it has grounded 15 extra plane resulting from non-payment of leases to lessors.

Until final month, the Mumbai-headquartered airline, which is now underneath the brand new possession, had taken 54 planes out of operations resulting from lease rental defaults.

On March 25, Jet Airways’ board permitted a decision plan formulated by SBI-led home lenders. Underneath the plan, lenders determined to take management of the airline and make a fund infusion of Rs 1,500 crore.

PTI

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