New Delhi: Jet Airways is evaluating the option of extending the lease of its seven planes with its equity-partner Etihad Airways. If the lease is extended, this could result in Jet Airways pushing back its plans to expand its services in the United States.
“We have the option of extending it (the lease) with Etihad. Currently, this (the lease) is ending by the end of this year. We are working on some options with Etihad,” said Krishnan Balakrishnan, vice-president (fleet and management control) of Jet, during a post-earnings analytics call.
The Abu Dhabi-based airline has taken six Boeing 777-300 ERs and one A330-200 on lease from Jet in which the former holds 24 per cent equity stakes.
The lease of Boeing aircraft is set to expire by the end of this year, while the A300-200 lease will end by June 2016.
18/08/15 Business Standard
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“We have the option of extending it (the lease) with Etihad. Currently, this (the lease) is ending by the end of this year. We are working on some options with Etihad,” said Krishnan Balakrishnan, vice-president (fleet and management control) of Jet, during a post-earnings analytics call.
The Abu Dhabi-based airline has taken six Boeing 777-300 ERs and one A330-200 on lease from Jet in which the former holds 24 per cent equity stakes.
The lease of Boeing aircraft is set to expire by the end of this year, while the A300-200 lease will end by June 2016.
18/08/15 Business Standard
