Aviation Regulator Allows Lessors To Take Back 7 Jet Airways Aircraft

INSUBCONTINENT EXCLUSIVE:
DGCA announced it de-registered seven Boeing 737-800 aircraft of Jet Airways.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.In the last 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
They had put in the IDERA (irrevocable deregistration and export request authorisations) requests with the DGCA on and around April 3.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.If the lessor puts in the IDERA request for an aircraft, the DGCA checks if that plane has any pending dues with any airport, oil
companies, etc
Once it is established that plane has no pending dues, the de-registration is permitted
The lessor can then take the plane out of the country and lease it to any other airline company.Meanwhile, a European cargo services
provider seized one of Jet Airways' Boeing planes at the Amsterdam airport for non-payment of dues on Wednesday.Also, for the third time in
a week, national oil marketer Indian Oil on Wednesday stopped fuel supply to Jet Airways for non-payment of dues.Due to cash crunch, the
airline has been paying only part salaries to its over 16,000 employees which forced a section of its pilots on Tuesday to send a legal
notice to the management, which is currently being headed by the lenders led by the State Bank of India.Get the latest election news, live
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