Jet Airways, which is reeling under a financial crisis, has defaulted on aircraft lease rental payments owed to MC Aviation Partners since October 2018, though the aircraft lessor is yet to issue a repossession notice to the airline. The airline took a total of five B737 aircraft on lease in 2013 from MC Aviation Partners but could not pay the lease rentals. As a result, the airline has grounded two aircraft, taking the total number of grounded planes to 23. Jet Airways has been grappling with financial issues due to increasing debt and is currently awaiting a decision regarding the debt resolution plan.
LATEST
- [ May 1, 2026 ] Special railway project status granted to Tikiri-Kutrumali New Railway Line Project in Odisha Railways
- [ May 1, 2026 ] Maharashtra cabinet approves Rs 123.03 billion MAGESTIC scheme Power
- [ May 1, 2026 ] Ministry of Mines approves 58 companies under critical mineral recycling scheme Power
- [ May 1, 2026 ] Telangana government acquires Hyderabad Metro Rail Project Phase I Urban Infrastructure
- [ May 1, 2026 ] TRAI releases consultation paper on regulatory framework for V2X communication Telecom
- [ April 30, 2026 ] Ganga Expressway worth Rs 362.30 billion gets inaugurated Roads and Bridges
- [ April 30, 2026 ] Centre launches two new Amrit Bharat Express trains Railways
- [ April 30, 2026 ] 62 vessels to be added in 2026-27 with Rs 513.83 billion investment Ports & Shipping
- [ April 30, 2026 ] Ministry of Coal signs CMDPAs with UCG provisions for four commercial coal mines Power
- [ April 30, 2026 ] Maharashtra approves AI policy with Rs 100 billion investment target Telecom
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE