Jet plans to buy 30 more aircraft

New Delhi: Jet Airways has reported plans to purchase 30 aircraft over the next few years and continue with its sale and lease back policy to strike a balance between owned and leased planes in its 53-strong fleet.
The company, which is currently in the process of finalising its 500 million dollar acquisition of Air Sahara, informed the Bombay Stock Exchange that it has concluded sale and lease back transaction for five aircraft in 2005-06.
It said it had planned the "purchase of 30 aircraft over the next few years."
With the sale and lease back of two Boeing 737-800s and three Boeing 737-400s in the last fiscal, Jet Airways fleet would comprise 53 planes. Of these, 19 are owned and 34 leased.
Jet Airways also informed BSE that it had appointed well known Bollywood Producer and Director Yash Chopra as an additional Director on its board.
18/04/06 Daily News & Analysis

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