Mumbai: Lessors to Jet Airways (India) Ltd are holding on to deliveries of five new Boeing Co. 737 Max planes until the cash-strapped carrier overcomes its financial woes, a person with direct knowledge of the matter said.
“Boeing has released 10 B737 Max aircraft for Jet Airways. Since they have been bought under the SLB (sale and lease back) arrangement, the lessors have five aircraft with them while the airline has five aircraft. This will be returned to Jet Airways once their financial condition stabilizes,” the person, who did not want to be named, said.
The person did not disclose the names of the lessors.
