Jet Airways' payment delays draw lessor ire - News Summed Up

Jet Airways' payment delays draw lessor ire


Jet controls over a sixth of a market experiencing an unprecedented boom in air travel. iStockCrisis talks between cash-strapped Jet Airways Ltd and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back the aircraft, three people familiar with the matter said. Jet controls over a sixth of a market experiencing an unprecedented boom in air travel. A second person said deliveries of 737 MAX jets from lessors had been behind schedule since November. Jet Airways, in a statement on Friday, said the airline was working on its turnaround strategy and updating its partners, in real time, on efforts taken to improve its liquidity.


Source: The Telegraph January 11, 2019 19:52 UTC



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