Jet Airways nose dives to more turbulence

New Delhi: Aviation regulator DGCA announced it de-registered seven Boeing 737-800 aircraft of Jet Airways on Wednesday, allowing its lessors to take the planes out of the country so that it can be leased to any other airline.

During the last a few weeks, Jet Airways has been grounding its aircraft in tranches due to non-payment of dues to its lessors. While the airline has a fleet of about 119 aircraft, Civil Aviation Secretary Pradeep Singh Kharola said on April 4 that only 26 aircraft of Jet Airways are flying “currently”.

The DGCA announced on its website that seven de-registered Boeing aircraft belong to lessors such as Crolly Aviation, Mardal Aviation, Allenwood Aircraft Leasing, Dungarvan Aircraft Leasing, Elphin Aircraft Leasing, Carlow Aircraft Leasing and Ballyhaunis Aircraft Leasing.

All aforementioned seven companies are based out of Dublin in Ireland. The regulator also showed on its website that lessors have put in IDERA requests to de-register 24 other aircraft, which were leased to Jet Airways. Aircraft seized Meanwhile, a European cargo services provider seized one of Jet Airways’ Boeing planes at the Amsterdam airport for non-payment of dues.

EOI date extended
Back home, bidders in a consortium that bids for acquiring stake in cash-strapped Jet Airways have to furnish individual solvency certificates, according to SBI Capital Markets. According to the EOI document issued on Monday, April 10 is the last date for submission of initial bids, which is now extended to April 12.

ATF supply stops
For the third time in a week, Indian Oil on Wednesday stopped fuel Supply to cash-starved Jet Airways for non- payment of dues. This is the third time that the public sector oil marketing company has cut fuel supply to the airline in the past eight days, which is struggling to keep afloat amid acute liquidity crisis.

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