Mumbai: Cash-strapped Jet Airways (India) Ltd said lessors had grounded four more planes on Monday because of non-payment of dues, taking the total number of such aircraft to about 60, or about half its pre-crisis fleet. The groundings resulted in several flight cancellations on Monday.
With the deadlock between Jet Airways lenders and Etihad Airways PJSC’s board over cash infusion showing no sign of ending, Jet Airways told exchanges it was delaying interest payment due on 19 March to debenture holders.
Etihad Airways owns 24% stake in Jet Airways.
