Jet Airways fleet woes continue as more jets grounded

Jet Airways disclosed Thursday that 10 more of its aircraft have been grounded due to lease payment defaults. The latest disclosure takes the number of aircraft grounded for lease defaults to 80, out of a fleet of 120 before the groundings started earlier in the year. While that would indicate that the airline still has around 40 aircraft in service, reports from India indicate that there are as few as 14 aircraft in service. Unlike previous disclosures, Jet’s statement to the Indian stock exchanges did not repeat its well-used line that lessors were supportive of its restructuring efforts. A total of 11 737s from Jet’s fleet have now been deregistered by the DGCA. Aergo Capital, however, has withdrawn requests to deregister 7 ATR 72-500s. <br/>