Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Jet’s lessors offer 50 grounded aircraft to SpiceJet

Updated: March 19th, 2019, 23:59 IST
in Business
0
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi/Mumbai: Financially beleaguered Jet Airways faces another crisis as lessors are offering 50 of its Boeing aircraft to SpiceJet.

According to industry insiders, at least 50 aircraft are on offer under dry lease terms from Jet’s lessors. These lessors have been able to get their aircraft grounded as dues were not paid to them, a source said.

Also Read

Domestic pharmaceutical market to reach $130 billion by 2030: Eco Survey

All major pharmacy chains, hospital-based medical stores, Jan Aushadhi Kendras to remain open May 20: Sources

4 hours ago
Pic- IANS

PM Modi discusses ways to boost bilateral ties with counterparts from Iceland, Finland, Denmark

4 hours ago

The development has been received optimistically by SpiceJet which had to ground 12 of its 737 Max 8 aircraft due to government’s safety restrictions.

“Lessors with 50 planes, all belonging to Jet, have contacted SpiceJet,” a source told IANS in Mumbai. “They are desperate to get out of Jet’s financial mess,” the source added.

The cash-strapped carrier is regularly grounding its aircraft as it is unable to pay the dues to its lessors. So far it has been forced to ground over 40 aircraft following its inability to clear the dues.

Industry sources say the airline has grounded over 50 per cent of 123 aircraft strong fleet. On Monday too, following a similar pattern, Jet Airways informed the BSE that four aircraft were to be grounded due to non-payment of amounts outstanding to lessors.

On Tuesday afternoon, aviation regular Directorate General of Civil Aviation (DGCA) said Jet Airways has only 41 aircraft in its fleet for operations and that there may be further attrition in the fleet size and flights ahead.

The DGCA made the disclosure after a meeting with Jet Airways’ representatives here.

“DGCA reviewed the performance of Jet Airways on operational, airworthines and passenger facilitation today. The Current availability of aircraft in the fleet for operation is 41 and accordingly, a schedule for 603 domestic flights and 382 international flights has been drawn. However, it is a dynamic situation and there may be further attrition in the coming weeks,” a DGCA statement said.

According to the statement, the DGCA instructed the airline to comply with the relevant provisions of the applicable CARs (civil aviation rules) for facilitation of passengers regarding timely communication, compensation, refunds and providing alternate flights, wherever applicable.

“The DGCA is ensuring that all aircraft in the fleet, whether in operation or on ground, are maintained in accordance with Approved Maintenance Programme (AMP),” it said.

Jet was also directed to ensure that no pilot/cabin crew/aircraft maintenance engineer, who had reported stress of any nature, be rostered on duty.

—IANS

Tags: JET AIRWAYSLessors offer grounded jets to spicejetSpiceJet
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019

Archives

Editorial

Thucydides Trap

Pic- AP
May 19, 2026

It may sound strange why Chinese President Xi Jinping during his recent meeting with US President Donald Trump in Beijing...

Read moreDetails

Negatively Positive

N Chandrababu Naidu
May 18, 2026

Over the decades, since Independence, India’s southern states have achieved great success in population control with their governments aggressively promoting...

Read moreDetails

Exclusion Drive

Aakar Patel
May 17, 2026

By Aakar Patel Nowadays for a homeless person to fulfi ll the requirement of a place of residence, ‘The BLO...

Read moreDetails

Rise of Technocrats

May 16, 2026

By Dilip Cherian India’s latest babu reshuffle story is not really about transfers or appointments. It is about a deeper...

Read moreDetails
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2025 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2025 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2025 All rights Reserved by OrissaPOST