Jet crisis may deepen as more planes hit ground
Jet Airways may have to de-register more planes, raising concerns over the airlines continuing crisis.
According to news agency Reuters, about six lessors are expected to apply to the Directorate General of Civil Aviation (DGCA) to de-register up to 15 planes that have already been grounded, over the next 10 days, one of the sources with direct knowledge of the matter told Reuters.
This is in addition to the five planes that MC Aviation Partners, a subsidiary of Mitsubishi Corp.
Once de-registered, lessors can take the plane out of the country and lease them to other airlines.
While some lessors have already taken their planes out after a mutual agreement with Jet, sources say the latest applications to do so are on a non-consensual basis.
This deepens the crisis for Jet that has had to ground more than three-quarters of its fleet of 119 planes, many due to non-payment to lessors, leading to hundreds of flight cancellations.
It was not immediately clear which of its lessors were planning to apply for de-registration in the coming days.
About 100 of Jet’s 119 mainly Boeing planes are leased by companies such as Avolon, GE Capital Aviation Services and AerCap Holdings.