The airline has, however, not given the specific numbers of flights it has been cancelling every day due to the grounding of these planes
Etihad board discusses bank-led resolution plan for Jet Airways
If the fight had been handled differently, the fall need not have happened
The airline has raised foreign currency term loans worth Rs 11 billion and a non-fund based credit facility of Rs 9.50 billion from PNB, according to copies of loan documents reviewed by Indian daily
Etihad board to take up resolution deal tomorrow
The grounding of nearly one-quarter of the Jet Airways' fleet has led to the cancellation of hundreds of flights
The airline has been told to ensure that passengers do not suffer because of flight cancellations, says official of Directorate General of Civil Aviation.
With the grounding of two more planes, almost 20 per cent of aircraft in the airlines fleet are now out of operations
In return, the airline reimburses the amount to other carriers on a fortnightly basis at a pre-agreed rate
Aircraft lessors have been supportive of the company's efforts in this regard, it said.
AerCap issues termination notice for 2 Boeing 737s, GECAS stops Boeing 737 Max delivery
Goyal agrees to step down from the board, cut his stake to 22%
Jet Airways has in the last two months trimmed its fleet by 28 planes and will ground about a dozen more aircraft in March mainly due to non-payment of rentals and lack of spare parts.
So far this month, as many as 13 planes of the company have been grounded on account of non-payment of rentals to lessors
It is believed that Goyal, as well as Etihad group Chief Executive Officer Tony Douglas, has been invited for the meeting
It has 5 daily wide-body aircraft to Amsterdam and Paris from India, and a daily service between Amsterdam and Toronto
SBI is the lead lender of a consortium that has extended loans to Jet Airways
Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways
An airline source pointed out there is anxiousness among employees and stakeholders are awaiting an outcome
Faced with a funds crunch, Jet has delayed salary and vendor payments in the last few months