Cash-strapped Jet Airways could face further trouble as some of its lessors are planning to take back their leased aircraft to the airline if the latter’s board meeting on February 14 fails to come up with a firm recapitalisation plan.
The Jet board is meeting on Thursday to approve the company’s earnings during the October-December quarter and the lessors who have not been paid leasing charges for months expect the board to come up with a firm recapitalisation plan.
A top executive of MC Aviation Partners, an aircraft-leasing subsidiary of Mitsubishi Corp, which is among the several Jet aircraft lessors, which has not received leasing charges since October last year, said, “We may repossess the aircraft”.
