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Jet Airways grounds four aircraft over lease payment defaults

February 08, 2019 / AARON CHONG

Jet Airways has revealed that four of its aircraft have been grounded after it failed to pay their lease rentals. In a follow-up to an earlier query from the BSE, the carrier notes 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.