Saturday, April 20, 2019

Air India offers to operate five of Jet Airways’ grounded planes on international routes

National carrier Air India has written to the lenders of Jet Airways asking if it can fly five of Jet’s grounded Boeing 777 aircraft on international routes. Jet has suspended operations after bankers refused additional credit to the cash-strapped airline.

In a letter to Jet’s lenders headed by State Bank of India (SBI), Air India has offered to operate the Mumbai-London, Delhi-London, Mumbai-Dubai, Delhi-Dubai and Delhi-Singapore sectors. Jet owns 10 wide-body Boeing 777-300 ER planes, along with a few Airbus A330s, which it operated on medium and long-haul international destinations

Air India chairman and managing director Ashwani Lohani said the state-owned carrier would operate the aircraft on wet or dry lease agreements. “Subject to approvals and financial viability, we can examine the possibility of taking five B777s on dry/wet lease basis from SBI, the terms of for which can be mutually thrashed out,” Lohani said in an letter addressed to SBI chairman Rajnish Kumar.
19/04/19 Financial Express

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