India's Jet wet-leasing out five aircraft

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Indian carrier Jet Airways is reducing capacity by wet-leasing out five of its aircraft.

Jet says in a statement to the Bombay stock exchange it is wet-leasing two of its Airbus A330-200s to Gulf Air for a period of four months.

It also says it is wet-leasing three of its Boeing 777-300ERs to Turkish Airlines for six months.

"The aircraft will remain on the Indian registry and will be operated by Jet crew," it adds.

Jet's move comes in the wake of the Mumbai terrorist attacks which adversely affected international passenger traffic to Mumbai.

The carrier also announced in October it would be leasing out some surplus aircraft because it had been losing money on some of its international routes.