Jet Airways is fighting to stay alive while 90% of the fleet is ashore

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I have not written yet about the Jet Airways mess and I'm sorry. I do not know why, but it was so complex and constantly changing that I felt I could not do it justice. However, something is better than nothing.

Jet Airways has long been considered the "upscale" high-end Indian airline and, for many, has been the company of choice over Air India. Etihad had invested in the airline and my flights were great.


First class of Jet Airways 777

Unfortunately, the conditions of the airline have deteriorated considerably. The airline was looking for investors, but without success. As a result, Jet Airways has not been able to pay its bills.

The company has accumulated more than $ 1 billion in debt and failed to pay rents paid to employees, fuel and even aircraft leases. At the beginning of the year, Jet Airways had more than 120 aircraft, while there are only a dozen aircraft left. Their fleet has therefore been reduced by almost 90%.

To give you a sense of the situation, here is a graph of Flightradar24 showing the number of aircraft stolen by the airline a year ago, six months, three months, a week, and now. Ouch.

Yesterday, the airline was even forced to ground all international flights, due to Indian regulations imposing a minimum number of aircraft to operate international flights.

The creditors have so far given the airline the opportunity for potential buyers to declare their interest in acquiring a majority stake in Jet Airways. There have been all kinds of rumors about companies that might be interested. Etihad was launched, even though airlines like Air Canada would be interested, which I find highly improbable.

737 jet Airways business class

All this is happening in the middle of elections in India, where the country votes on a Prime Minister, which certainly increases the stakes, given the nature (or at least) of the large company Jet Airways.

This is a situation to watch in the coming days. Either the airline will get an outside investment, it will be bailed out by the government or it could even disappear completely. Things do not look good …

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