Lessors MC Aviation, Avolon petition DGCA to de-register seven aircraft of Jet Airways

Even as Jet Airways’ lenders are gearing up to invite expressions of interest from prospective investors for the beleaguered airline, its troubles have intensified with lessors asking the Directorate General of Civil Aviation (DGCA) to de-register some of its already grounded aircraft.

De-registeration will allow the lessors to take the aircraft out of the country and lease them to other airlines.

“MC Aviation Partners and Avolon have applied to DGCA to de-register about seven planes between the two. More applications could be made in the coming days if adequate funding is not pumped into the company soon,” said a source close to the development. MC Aviation is the aircraft leasing and trading arm of Japan’s Mitsubishi Corp while Avolon is an aircraft leasing company based in Dublin.