INSUBCONTINENT EXCLUSIVE:
Jet Airways has a fleet of about 123 mainly Boeing planes, including 16-owned aircraft.Shares of debt-ridden Jet Airways fell more than 6
undertaken by it to improve its liquidity.Jet Airways had earlier grounded two planes on February 23 and four planes on February 7, taking
its total tally of grounded planes to 13
Meanwhile, the company is also making all efforts to minimize disruption to its network and is proactively informing and re-accommodating
its affected guests, Jet Airways said.Aircraft lessors have been supportive of the company's efforts in this regard, it added.With debts of
more than $1 billion, Jet has defaulted on loans and has not paid pilots, leasing firms and suppliers for months
The loss-making airline approved a rescue deal in mid-February after months of talks to plug the Rs 8,500 crore funding hole.The plan, which
has also been approved by Jet shareholders, includes selling a majority stake to a consortium led by State Bank of India, the airline's
biggest creditor, at 1 rupee.Jet has a fleet of about 123 mainly Boeing planes, including 16-owned aircraft
The rest are leased from a range of lessors including GE Capital Aviation Services, US-based BBAM and Japan's SMBC Aviation Capital, news
agency Reuters quoted sources as saying.
