Jet Airways to buy 7 more wide-body Boeing aircraft

India’s biggest domestic carrier Jet Airways (India) Ltd is now planning to actually acquire seven additional wide-body aircraft from US plane maker Boeing Co. by using an option it had on them as part of a 2005 deal that saw it place orders for three B777-300 extra-range (ER) jets. The three planes are scheduled to be delivered in 2009, but it is unclear when the other planes are being sought.
“These slots under options would (have been) muchmore profitable as they were booked two years ago with Boeing,” said one analyst with a foreign brokerage whodidn’t want to be identified since he is not allowed to comment on record.
Jet Airways chairman Naresh Goyal said on Saturday the additional aircraft will help the carrier expand contribution of revenues from international operations to 50% of total income from the current 12-15%.
The seven additional B777 type planes will be used to connect long-haul flights to Europe.
09/01/08 P.R Sanjai/Livemint

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Categories: Foreign Jan 2008, Jet Airways Jan 2008, New Jan 2008