April 4, 2019 / 9:36 AM / 8 months ago

Lessor Avolon applies to de-register two planes leased to India's Jet Airways

SINGAPORE, April 4 (Reuters) - Avolon, one of the world’s biggest aircraft lessors, has applied to de-register two planes it had placed with struggling Jet Airways Ltd, India’s aviation regulator said on its website on Thursday.

Two subsidiaries of Dublin-based Avolon applied to India’s Directorate General of Civil Aviation (DGCA) to de-register a total of two Boeing 737-800s, according to a notice published on the regulator’s website.

Avolon has terminated the leases on two of its planes and currently has seven more planes placed with Jet, said sources who declined to be identified due to the sensitivity of the matter.

Avolon could not be immediately reached for comment.

Jet, now controlled by its lenders, has had to ground more than three-quarters of its fleet of 119 planes, many due to non-payment to lessors, leading to hundreds of flight cancellations. (Reporting by Anshuman Daga and Arnab Paul; Editing by Himani Sarkar)

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