Jet Airways yesterday (Thursday, 7 February 2019) informed the Bombay Stock Exchange (BSE) that due to non-payment of dues owed to lessors four aircraft belonging to it have been grounded, reports Business Standard.
The airline explained that it is in contact with its lessors to solve issues between them and is trying to reduce as much as possible any possible disruptions to its operations; it is reaching out to passengers who have been affected is is re-accommodating them on other flights.
The company also stated that it keeps aircraft lessors updated on the course of action being taken by it to better its liquidity. It added that the lessors have expressed support for the work the airline is doing to handle the situation.
Jet has also been in touch with authorities regarding the issue. "The company also continues to provide required and periodic updates to the Directorate General of Civil Aviation (DGCA)," it stated.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.