Jet Airways’ cash crunch worsens, 5 Boeing 737 MAX planes grounded by lessor

The financial turmoil at Jet Airways has impacted the operations of the airline, which has seen about five of their Boeing 737 MAX aircraft being grounded since Monday night, as lessors want to repossess these aircraft.

The groundings have led to cancellation of about 19 flights today that is set to cause inconvenience to passengers booked on these flights.

Source said that one aircraft each were grounded Delhi, Mumbai, Bengaluru and Chennai were grounded since Monday night.

“Lessors want to take back their aircraft and started the process after grounding these aircraft. Over and above this, another aircraft is already grounded, as the lessors had initiated the process to take them back,” said a senior airline executive, who did not want to be identified.

A reply from the airline to an email sent to the airline seeking replies on the issue is still awaited.

Jet Airways, which has about 5 of these aircraft in the fleet, would not be left with any MAX aircraft in its fleet. The airline has also, due to financial crunch, has deferred the induction of MAX aircraft in its fleet. The airline was to induct 6 of these aircraft by March but has deferred their induction plan due to cash crunch.