Monday, October 22, 2018

Jet Airways' plan to lease regional jets to TruJet hits regulatory hurdle

Mumbai: Beleaguered carrier Jet Airways' plans to lease up to seven of its regional jets to TruJet has hit air pocket due to regulatory issues and pilots' problems, a source has said.

The two carriers had attempted to stitch a deal on ATR planes earlier last year as well, but even after months of bak and forth, Jet Airways failed to phase them out.

The Naresh Goyal-owned private carrier, partially owned by Etihad Airways of Abu Dhabi, has been battling cash crunch following two quarterly back-to-back losses.

"The plan to wet lease up to seven ATRs from Jet Airways is on hold as of now. If it comes back to the negotiation tables at all, it will be only next year," an industry source told PTI.
Jet Airways has called off the proposed agreement with a regional carrier as the terms were not met within stipulated timelines, the airline spokesperson said.
Currently, Jet Airways has 15 ATRs in its fleet.

TruJet, which operates its services on regional and Udan routes from Hyderabad to various destinations, has an all-ATR fleet.
22/10/18 PTI/Business Standard

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