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Jet Airways: 11 aircraft grounded by leasing companies

Preventive move to contain losses in case of bankruptcy

The leasing companies have asked Jet Airways to land a large number of aircraft, in an attempt to avoid what happened with the failure of Kingfisher Airlines in 2012 that the landlords are obliged to lose many millions of dollars because the intervention of the Indian government clear all the shares held by them. Measures taken ahead of schedule because the debts of Jet Airways are very high and it...

M/A - 1219070

AVIONEWS - World Aeronautical Press Agency
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