The ultimate penalty of non-payment is repossession of the leased planes.

Airlines are grappling with acute financial woes as commercial services remain suspended in the wake of the nationwide lockdown to curb spr...

In the 2018 December quarter, the carrier recorded a profit of Rs 55 crore.

Jet reached out to the MNC banks with the hope they would not pull the trigger.

Jet Airways has grounded 15 more aircraft due to non-payment of rentals to lessors.

With the grounding of two more planes, almost 20 per cent of aircraft in the airlines fleet are now out of operations.

Jet Airways also continues to provide required and periodic updates to the Directorate General of Civil Aviation in this regard, the airlin...

Reports show that in the last two months Jet has trimmed its fleet by 28 planes and will ground about a dozen more in March.

“Jet took the planes on lease in 2013,” the executive said, requesting anonymity.

India’s second largest airline by market share has taken five Boeing 737 NG planes on lease from MC Aviation.

AirAsia India’s fleet—currently 18—has an average age of 8.4 years. The age has increased as it inducted 4 planes aged over 10 years, in 20...

India adopted IFRS on April 1, 2016. PwC estimates that the new accounting standard would impact at least 20 industries, ranging from retai...

The state-run carrier had in 2005-06 placed an order for 27 Boeing 787 Dreamliner planes as part of the mammoth 111 plane order placed with...

Sale and leaseback — wherein an airline sells its plane to a lessor at a premium and leases it back — is a common strategy adopted by airli...

Air India on Friday met aircraft leasing companies to rework terms and conditions before it floats a tender to lease Airbus A320 planes.

Global leasing companies have hiked lease rentals on their planes in India after they found it difficult to repossess planes following defa...

Besides, another 15 aircraft of the company are also aground due to want of spares, and the airline is now left with only 15 planes to carr...