Reports show that in the last two months Jet has trimmed its fleet by 28 planes and will ground about a dozen more in March.

Shares of Jet AirwaysNSE -2.36 % slipped over 3 per cent on Thursday morning on reports that in the last two months it has trimmed its fleet by 28 planes and will ground about a dozen more aircraft in March mainly due to non-payment of rentals. 

The scrip hovered at Rs 217.70, down 3.18 per cent at around 09:50 am while the benchmark BSE Sensex was up 0.21 per cent at 35,979.62.

Eight ATR turboprop jets, a Boeing 737 Max recently included into the fleet, a Boeing 777 and an Airbus A330 plane, and at least seven Boeing 737 NG planes are among the 40 odd aircraft that have been, or are in the process of being taken off the fleet, ET reported. Earlier, Jet had a fleet of 123 planes, which means it will have cut its fleet by close to a third by April. 

"It grounded some planes after notices from unpaid aircraft lessors, some for lack of spare parts, and the remaining have been returned to lessors," the report added. 

However, Jet Airways clarified and disputed the number of planes being taken off its fleet. “Jet Airways clarifies that your information on the airline’s number of aircraft that stand withdrawn from operations as on date, due to various listed reasons, is incorrect,” a person told ET. 

Meanwhile, the shares of Jet Airways opened at Rs 219.50 on BSE against its previous closing of Rs 224.85. 

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