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Jet crisis deepens, lessors to de-register more planes over 10 days

About six lessors are expected to apply to the Directorate General of Civil Aviation (DGCA) to de-register up to 15 planes that have already been grounded, over the next 10 days. Once de-registered, lessors can take the plane out of the country and lease them to other airlines. Avolon, one of the world's biggest aircraft lessors, on Thursday applied to the DGCA to take two of its planes placed with Jet outside of India, making it the first to pull planes out on a non-consensual basis.

Read More at CNBC TV18 News date : 6 Apr 2019, Saturday

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