Jet Airways facing more delays; CEO Sanjiv Kapoor says talks on with engine makers

Jet Airways NSE -2.71 %, whose potential new owners, the Jalan-Kalrock consortium, have been trying to relaunch operations this month, is facing more delays.

The latest bottleneck stems from unresolved negotiations between its management and engine makers on more favourable terms in its proposed leasing contracts, people in the know said. Meanwhile, another issue dragging down its take-off plan is unresolved talks between the consortium and Jet’s former lenders, who are seeking settlement of their dues before the airline buys or leases aircraft.