Jet Airways falls 9 per cent in two days as crises deepens

The company on Wednesday deferred the March salary payment to its employees, citing "complexities" involved in the finalisation of the debt-recast plan

Shares of Jet Airways (India) slipped 4 per cent to Rs 242 in early morning trade on the BSE on Thursday, falling 9 per cent in past two trading days as the financial crises deepen in the cash-starved airline.

Jet Airways has grounded 15 additional aircraft due to non-payment of amounts outstanding to lessors under their respective lease agreements, the airline said in a regulatory filing on Monday. Now, the total number of planes grounded on account of default in lease rental payments, as disclosed by the airline, stands at 69.

According to a PTI report, the company on Wednesday