Lessors rush to repossess more Jet Airways planes, even as emergency funds awaited
Lessors to India’s Jet AirwaysNSE -26.51 % Ltd have applied to deregister another four Boeing Co 737 planes, the Indian aviation regulator said on its website on Wednesday, even as the embattled carrier seeks emergency funding from its lenders.
Latest analysis of data disclosed by the Directorate General of Civil Aviation shows that Jet’s lessors have, so far, sought to deregister and repossess at least four dozen of the planes operated by Jet. Once deregistered, lessors are free to reclaim a plane and lease it to another airline anywhere in the world.
