Hyderabad: The Airport Authority of India (AAI) has pulled up Jet Airways for defaulting on rentals on its leased aircrafts. The AAI has issued a show cause notice to the airline over delay in rental payments. Out of its 124 aircraft, as many as 108 are on lease, the report said.
The airline earlier has issued pink slips to around 20 employees in order to cut down on its expenditure.
According to reports, the airline had reportedly approached the Tata Group for over 25 per cent stake sale, but the Tata Group wanted complete control over the airline, with the exit of its current promoters, including airline owner Naresh Goyal’s family.
Naresh Goyal and his wife, own 51 per cent stake while UAE-based Etihad Airlines owns 26 per cent stake in the company....