Jet Airways: leasing companies ask back some planes?
Also stop the deliveries of the B-737 MAX
Some companies would have asked Jet Airways to pay the installments of the debts contracted or they will proceed to request the leased planes back, especially because a new postponement -after that of December- in April could put them in financial difficulty as a result. Moreover, the debt repayment plan explained by the executives of Jet Airways in the last meeting with creditors would not have seemed feasible, and above all the Indian carrier would not have provided answers to all the questions posed, among which there would be no guarantee to participate in the "refinancing "by Etihad.
The leasing companies in the meantime would be moving -according to "Reuters"- to try to accelerate the time to get back the aircraft lent to Jet Airways in case it fails, also because the current Indian rule on bankruptcy "freezes" in fact to 270 days the debtor's assets. At the same time, the owners would have blocked the deliveries of the new Boeing B-737 MAX ordered by the airline in a financial crisis, intending to replace the older aircraft in the fleet in order to have a lower fuel consumption and therefore a greater income. Situation that seems more and more close to fall in the direction of a bankruptcy.
AVIONEWS - World Aeronautical Press Agency