India, March 21 -- Jet Airways is facing huge financial crisis, which has resulted in it being unable to pay rental for leased aircraft and interest on finances. Due to non-payment of lease rentals, lessors have grounded dozens of aircraft operated by the airlines, resulting in the cancellation of flights.
According to reports, total number of grounded aircraft has reached around 60, which is approximately half of the fleet size of 119 planes. Other than non-payment to creditors, the airline is also facing trouble in paying salaries, and they have not paid salaries to their maintenance staff for three months.
I had written in my article 'The travails of Jet Airways' in Merinews on 03/11/2018 the following: Now for Jet Airways mess, obviou...