Jet Airways grounds four aircraft over lease payment defaults

Jet Airways has revealed that four of its aircraft have been grounded after it failed to pay their lease rentals. The carrier said that three aircraft previously grounded for "engine normalisation" have returned to service, but four others are "grounded due to non-payment of amounts outstanding to lessors". The airline did not identify which of the 121 aircraft in its fleet have been grounded. Flight Fleets Analyzer shows that the majority of its fleet it leased, with GECAS, Aircastle and BOC Aviation among the most exposed lessors. It is also unclear if the grounded jets will be voluntarily returned to lessors, or if they are subject to repossession orders. "The company is actively engaged with all its aircraft lessors and regularly provides them with updates on efforts undertaken by the company to improve its liquidity," it added.<br/>