Tuesday, March 16, 2010            Facebook     Twitter      LinkedIn

AirportBusiness.com |

Online Article Page

  

Bookmark and Share
Top News Headlines

INDIA'S JET AIRWAYS NEGOTIATING LEASE OF TWO PLANES
Posted: October 5th, 2009



India's Jet Airways (BSE:532617) is in talks with a couple of Middle Eastern carriers to lease out two of its wide-bodied aircraft.

"We are in discussions with Oman Air and Etihad for leasing out two of our Boeing 777 aircraft," airline sources said here.

The negotiations are at an advanced stage and a decision is likely to be taken very soon, the sources said, adding that Jet Airways was looking for wet leasing of the planes for at least six months.

When contacted, a Jet Airways spokesperson confirmed that the airline was in talks with some overseas air carriers to lease out the two aircraft but declined to divulge details.

"We are exploring all options but have not yet taken a final decision," the spokesperson said.

Wet lease is an arrangement in which an airline or a lessor company provides aircraft along with its complete crew, maintenance and insurance to another of its counterpart, which pays for the number of hours the plane is operated.

1 2 next