Jet Airways Grounds 4 Aircraft as Leasing Firms Lose Patience With Cash-Strapped Carrier

Saddled with debt of about $1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs. The full-service airline, which controls a sixth of India's booming aviation market, owes money to banks, vendors and lessors.

from Top Business News- News18.com http://bit.ly/2Didf8Z