Some lessors to end lease deals with Jet: Sources

Two lessors have applied to the Directorate General of Civil Aviation to deregister at least five planes leased to cash-strapped Jet, three of the sources said. Termination of lease agreements normally precedes applications made to the DGCA. Jet has delayed payments to its pilots, suppliers and lessors for months and defaulted on loans.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2HBxmCK