Kingfisher to wet lease 4 new Airbus to Air India

New Delhi: Vijay Mallya-led Kingfisher Airlines will wet lease four of its new Airbus long haul aircraft, which it will receive from April onwards to the public carrier Air India.
Kingfisher will receive one Airbus A340 in the first week of April, which was initially expected to be delivered in March. The other three Airbus will arrive in the subsequent months.
The two A340 have already been mandated to be for the US market by Kingfisher while the two A330s will be for the European market and will fly to London from Delhi and Mumbai respectively.
Under wet lease as opposed to dry lease, a carrier leases its aircraft to someone else along with its crew. Whether the aircraft will be painted in Air India’s colours and the crew will wear Air India uniforms is still unclear.
The first A340 will fly from Bangalore to San Francisco non-stop when kingfisher receives its clearance to fly overseas.
12/01/08 Shauvik Ghosh/Financial Express

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Categories: Air India - International Nov 2007, Foreign Jan 2008, Kingfisher Jan 2008, NACIL Jan 2008, New Jan 2008