Jet Airways to lease out airplanes to Oman Air

Mumbai: Naresh Goyal-promoted Jet Airways plans to lease out two of its aircraft to Oman Air, as part of its route rationalisation and cost-cutting plan.
The carrier has entered into agreements with Oman Air for the lease out of two Airbus A 330-200 aircraft for a period of six months with effect from May, it said in a filing to the Bombay Stock Exchange today.
The airplanes would be given on a wet-lease basis. Under such an arrangement, operational control and maintenance responsibility would be remain with the Indian carrier. The aircraft would continue to be registered in India and would be operated with Jet's crew.
Jet Airways has already discontinued Mumbai-Shanghai-San Francisco flight as part of its route rationalisation exercise.
16/02/09 PTI/Economic Times

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Categories: Foreign Feb 2009, Jet Airways Feb 2009