NEW DELHI: Crisis-hit Jet Airways on Thursday said four of its aircraft have been grounded due to non-payment of lease rentals. Faced with acute financial problems, the airline is looking to restructure debt and raise fresh funds. In a filing to stock exchanges, Jet Airways said four planes have been grounded due to non-payment of amounts outstanding to lessors under lease agreements.
The airline has mopped up Rs 250 crore from advance sale of tickets to its customer loyalty programme Jet Privilege, less than five months after raising money through the same route. The deal is similar to the one done in October 2018.
