Saturday, May 31, 2014

Jet Airways may lease three planes to Etihad Airways

Mumbai: Naresh Goyal-promoted Jet Airways is likely to lease three of its Boeing 777-300 ERs to its equity partner Etihad Airways after they return from Turkish Airlines later this year, according to sources.
Jet was earlier planning to induct these wide-bodied planes, which are on lease with Turkish Airlines and will be coming back by October this year on completion of the lease period.
However after Etihad’s proposal, it shelved the plan, they said.
“Jet Airways wanted these three Boeing planes to be put on its international network. However, Etihad requested Jet to lease out these planes to them as it wants them to deploy for its overseas network, which is under consideration,” a source said.
Etihad had picked up 24 per cent stake in the Mumbai-based carrier for over Rs 2,060 crore last year, making it the first FDI in the domestic aviation sector.
01/06/14 PTI/Indian Express
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