Jet Airways India Ltd grounds additional two aircrafts

Aviation Jet Airways

Jet Airways India Ltd has announced that an additional two aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements. As mentioned earlier, the Company is actively engaged with all its aircraft lessors and regularly provides them with updates on the efforts undertaken by the Company to improve its liquidity. Aircraft lessors have been supportive of the Company’s efforts in this regard.

The Company is also making all efforts to minimize disruption to its network due to the above and is proactively informing and re-accommodating its affected guests. The Company also continues to provide required and periodic updates to the Directorate General of Civil Aviation in this regard.

Shares of JET AIRWAYS (INDIA) LTD. was last trading in BSE at Rs.236.7 as compared to the previous close of Rs. 234.85. The total number of shares traded during the day was 535512 in over 6332 trades.

The stock hit an intraday high of Rs. 242.45 and intraday low of 235.4. The net turnover during the day was Rs. 127422672.

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