Tuesday, August 18, 2015

Jet Mulls Extending Lease of Six Aircraft with Etihad

New Delhi: Jet Airways on Monday said it is looking at the option to extend the leasing pact for six planes that have been leased out to strategic partner Etihad.

The existing lease for six aircraft would expire by end of this year.

"We have the option of extending it... Currently, it (leasing agreement for six aircraft with Etihad) is ending by end of this year. We are looking at options with Etihad," Jet Airways vice president (fleet and management control) Krishnan Balakrishnan said during post-earnings analysts call.

The six aircraft are among the 10 that have been leased out by Jet Airways to other carriers -- Etihad and Turkish Airlines.

Six Boeing 777-300 ERs and one A330-200 have been leased out by Jet Airways to Etihad. The lease for the A300-200 would be ending by June next year.
17/08/15 PTI/NDTV
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