Jet Airways Grounds Four More Planes

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Jet Airways is the second largest airline in India with a market share of 21.2%

Jet Airways Grounds Four More Planes.

Jet Airways Ltd said on Tuesday it grounded four more aircraft, taking the number to 32 which is more than a fourth of its fleet, as the carrier failed to make payments to its lessors.
With debts of more than $1 billion, the carrier has defaulted on loans and has not paid pilots, leasing firms and suppliers for months.

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