Aviation Secretary says less than 15 Jet Airways aircraft operational, DGCA claims 28
Regarding funding issues of the airline, Kharola, who was speaking on the sidelines of an event, said, "The issue is between bankers and Jet management. So they are discussing with each other."
Less than 15 aircraft of Jet Airways are currently operational, Civil Aviation Secretary P S Kharola said on Wednesday. An SBI-led consortium of lenders had taken over the management of the cash-hit Jet Airways last month. Asked about the active fleet of the beleaguered airline, the civil aviation secretary said here that "yesterday, it was 28". On the airline informing stock exchanges on Tuesday evening that 15 more aircraft have been grounded, Kharola said the current fleet "would be less than about 15".
However, later in the day, Indian aviation watchdog DGCA said in a statement, "JA (Jet Airways) continues to fly 28 aircraft as on date." The watchdog added, "The 15 aircraft reported are already accounted for and was only informed to the stock exchange by JA yesterday."
The airline has around 119 aircraft in its fleet. In the last few weeks, the airline has been grounding its aircraft in tranches due to non-payment of dues to lessors.
Regarding funding issues of the airline, Kharola, who was speaking on the sidelines of an event, said, "The issue is between bankers and Jet management. So they are discussing with each other." The private carrier Tuesday said it has grounded 15 more aircraft due to non-payment of rentals to lessors. Till last month, the Mumbai-headquartered airline, which is now under new ownership, had taken 54 planes out of operations due to lease rental defaults.
Watch this Zee Business video -
क्यों आई अमारा राजा में तेज गिरावट? जानने के लिए देखे यह खबर।@AnilSinghviZEE @poojat_0211 pic.twitter.com/0cCdAk8vQ9
— Zee Business (@ZeeBusiness) April 3, 2019
On March 25, Jet Airways' board approved a resolution plan formulated by SBI-led domestic lenders. Under the plan, lenders decided to take control of the airline and make a fund infusion of Rs 1,500 crore.
The aviation secretary said Wednesday that Jet Airways' ability to fly international operations needs to be "examined".
However, later, the airline's spokesperson said in a statement,"Jet Airways would like to clarify certain speculative media reports with respect to the airline's ability to operate on international routes. As informed to the regulator (DGCA), the airline is operating a curtailed schedule with sufficient number of aircraft, and is compliant with applicable guidelines."
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
04:08 PM IST