High Court allows Jet to lease aircraft to Turkish Airlines

Mumbai: The Bombay High Court today allowed Jet Airways to lease a Boeing aircraft to Turkish Airlines, in addition to the three already leased.
Justice Anand Nirude granted permission to Jet to give the aircraft on dry lease (without the crew) for 25 months.
Jet needed the court&aposs permission as earlier the High Court had barred the airline from creating third-party rights in its moveable assets, including 40 aircraft, until its dispute with Sahara India Commercial Corporation Ltd (SICCL) was settled.
Last month also Jet had moved court seeking permission to send three Boeing-777 aircraft to Turkish Airlines on dry lease.
SICCL had in March filed a petition claiming that the Naresh Goyal-run airline had defaulted on payment for the acquisition of Sahara Airlines, now JetLite, and hence it was liable to pay the original deal amount of Rs 2,000 crore and not re-negotiated Rs 1,450 crore.
19/05/09 Indopia

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Categories: Foreign May 2009, Jet Airways May 2009