Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Less Than 15 Aircraft of Cash-starved Jet Airways Currently Operational, Says Govt

The airline has around 119 aircraft in its fleet. In the last few weeks, the airline has been grounding its aircraft in tranches due to non-payment of dues to lessors.

News18.com

Updated:April 3, 2019, 10:53 PM IST
facebookTwitterskypewhatsapp

New Delhi: Less than 15 aircraft of Jet Airways are currently operational, Civil Aviation Secretary PS Kharola said on Wednesday. The SBI-led consortium of lenders had taken over the management of the cash-hit Jet Airways last month.

Asked about the active fleet of the beleaguered airline, the Civil Aviation Secretary said here that "yesterday, it was 28". On the airline informing stock exchanges on Tuesday evening that 15 more aircraft have been grounded, Kharola said the current fleet "would be less than about 15".

The airline has around 119 aircraft in its fleet. In the last few weeks, the airline has been grounding its aircraft in tranches due to non-payment of dues to lessors.

Regarding funding issues of the airline, Kharola - who was speaking on the sidelines of an event - said, "The issue is between bankers and Jet management. So they are discussing with each other."

The private carrier Tuesday said it has grounded 15 more aircraft due to non-payment of rentals to lessors. Till last month, the Mumbai-headquartered airline, which is now under the new ownership, had taken 54 planes out of operations due to lease rental defaults.

On March 25, Jet Airways’ board approved a resolution plan formulated by SBI-led domestic lenders. Under the plan, lenders decided to take control of the airline and make a fund infusion of Rs 1,500 crore.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
HUL 2,045.95 1.57
IRCTC 717.75 -1.37
Infosys 771.30 -1.88
Indiabulls Hsg 192.30 -2.78
RBL Bank 250.20 -3.36
Company Price Change %Gain
Future Life 414.90 3.16
IRCTC 718.00 -1.45
BPCL 491.45 1.17
Indiabulls Hsg 192.40 -2.78
Birla Corp 528.65 1.17
Top Gainers
Company Price Change %Gain
Eicher Motors 18,977.10 3.54
IOC 147.60 1.97
Hero Motocorp 2,659.00 1.91
HUL 2,045.95 1.57
Kotak Mahindra 1,610.90 1.60
Company Price Change %Gain
Hero Motocorp 2,656.80 1.82
Kotak Mahindra 1,611.35 1.74
HUL 2,045.85 1.55
Larsen 1,442.25 1.38
ITC 247.20 1.23
Top Losers
Company Price Change %Gain
JSW Steel 215.15 -2.84
Vedanta 144.95 -1.93
Bharti Airtel 385.50 -2.05
Tata Motors 125.50 -1.84
Infosys 771.40 -1.87
Company Price Change %Gain
Vedanta 145.05 -1.89
Tata Motors 125.45 -1.84
Bharti Airtel 385.60 -2.01
Infosys 771.40 -1.81
Tata Steel 340.55 -1.25

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results