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Jet Airways negotiating lease of two planes

Jet Airways is in talks with a couple of Middle Eastern carriers to lease out two of its wide-bodied aircraft.

india Updated: Oct 04, 2009 14:00 IST

Jet Airways is in talks with a couple of Middle Eastern carriers to lease out two of its wide-bodied aircraft.

"We are in discussions with Oman Air and Etihad for leasing out two of our Boeing 777 aircraft," airline sources told PTI in Mumbai.

The negotiations are at an advanced stage and a decision is likely to be taken very soon, the sources said, adding that Jet Airways was looking for wet leasing of the planes for at least six months.

When contacted, a Jet Airways spokesperson confirmed that the airline was in talks with some overseas air carriers to lease out the two aircraft but declined to divulge details.

"We are exploring all options but have not yet taken a final decision," the spokesperson
said.

Wet lease is an arrangement in which an airline or a lessor company provides aircraft along with its complete crew, maintenance and insurance to another of its counterpart, which pays for the number of hours the plane is operated.

The lessee provides for the fuel, airport fees, other duties and taxes.