Crisis-hit Jet Airways Wednesday said it has received notices from few aircraft lessors for payment defaults.
The full service airline, which is grappling with financial woes, also said it is actively engaged with its lessors and providing them with updates on efforts to improve liquidity.
Shares of the company plunged 5.71 per cent to close at Rs 222.30 on the BSE.
In a filing to the stock exchanges around 20 minutes before markets closed, the carrier said it is in "receipt of notices for payment delays/ defaults from few aircraft lessors".
Referring to the few lessors, the airline said they are mindful of the challenges currently faced by the Indian aviation industry and that they have been supportive of its efforts.
Further, Jet Airways clarified that it is "current on its payments to the Airports Authority of India (AAI) and no show cause notice has been received by the company from the AAI".
Faced with financial crunch, the airline has also delayed payment of salaries to its staff, including pilots.
Meanwhile, the airline said the GVK Lounge at Terminal 2 of Mumbai airport is temporarily unavailable.
"Access to the GVK Lounge at the Chhatrapati Shivaji Maharaj International Airport, Mumbai Terminal 2 is temporarily unavailable.
"... the airline sincerely regrets the inconvenience to its loyal guests and seeks their understanding in the interim, even as it works to reinstate the complimentary access soon," an airline spokesperson said.
An industry source said that Jet Airways owns Rs 15-16 crore to Travel Food Service (TFS) and because of non payment, the services have been discontinued for the airline's customers. Last week also, services were discontinued for a day but were later resumed after company paid "some amount".
Sources said Jet Airways also held a meeting with pilots in the national capital on Wednesday.
Details about the meeting could not be ascertained immediately.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
11:00 PM IST