Plane truth: Jet to ground more aircraft

Mumbai:Jet AirwaysNSE -2.27 % has in the last two months trimmed its fleet by 28 planes and will ground about a dozen more aircraft in March mainly due to non-payment of rentals, said two people in the know.

Eight ATR turboprop jets, a Boeing 737 Max recently included into the fleet, a Boeing 777 and an Airbus A330 plane, and at least seven Boeing 737 NG planes are among the 40 odd aircraft that have been, or are in the process of being taken off the fleet, one of them told ET. Earlier, Jet had a fleet of 123 planes, which means it will have cut its fleet by close to a third by April. It grounded some planes after notices from unpaid aircraft lessors, some for lack of spare parts, and the remaining have been returned to lessors.