Jet Airways hits a new low, bidding for 75% stake ends today
Mumbai: With lessors grounding more Jet Airways (India) Ltd planes, the airline suspended all of its international flights till Friday morning, even as a government official said the airline’s eligibility to fly abroad might be reviewed given that its fleet size had fallen below the required minimum. All international flights had been cancelled till Friday morning, said a Jet Airways spokeswoman.
The airline informed the stock exchanges on Thursday that lessors had grounded 10 more of its planes, bringing its fleet strength down to 14. This is below the minimum 20 planes required to operate international flights, and a fraction of the 119 aircraft it flew before its first default on 31 December.
