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Jet Airways plunges deeper into crisis as gov't plans rescue

Jet Airways (9W, Mumbai Int'l) has plunged deeper into a liquidity crisis with nearly eighty aircraft grounded, at least two long-haul routes cancelled, and pilots warning to stop working on April 1 unless they receive their overdue salaries.

Times News Network has reported that as of March 19, 2019, only forty-one aircraft out of Jet's and JetLite's 115-strong fleet were active. The number is subject to dynamic changes as lessors ground further aircraft for non-payments almost daily. According to ch-aviation's analysis of FlightRadar24 ADS-B data, Jet Airways and JetLite combined currently operate forty-seven aircraft including two A330-200s, four A330-300s, six ATR72-500s, three B737-700, twenty-four B737-800s, and eight B777-300(ER)s.

Coping with the groundings, Jet Airways trimmed down its network to about 140 daily departures, down from around 600 planned during the carrier's heyday. The airline has also started to cut down its long-haul network as it will stop flying from Mumbai Int'l to Manchester Int'l and Hong Kong Int'l, as well as from Delhi Int'l to Hong...

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