Jet Airways to wet lease aircraft to Etihad and Turkish Airlines

Singapore
Source:
This story is sourced from Pro
See more Pro news »

India's Jet Airways will wet lease four aircraft to Etihad Airways and Turkish Airlines over the coming months.

The airline's chief executive, Nikos Kardassis, has confirmed reports that Jet will wet lease an Airbus A330-200 to Etihad under an agreement that will also see 60 of its flight attendants seconded to Etihad over the unspecified lease period.

Jet removed three of its 10 A330-200s from service last year, but continues to take delivery of new A330-300s which are being used on its European services.

Jet recently sold its slots at London's Heathrow airport to Etihad for $70 million under a sale-and-leaseback transaction. Etihad is also reportedly closing in on a deal to buy a 24% stake in Jet.

Kardassis also confirms that three of the airline's Boeing 777-300ERs will be wet leased to Turkish Airlines. These will be drawn from the five 777s that Jet has sub-leased to Thai Airways and are due to be returned in June.

Flightglobal Pro data shows that Jet operates a fleet of 85 aircraft that also includes 54 Boeing 737s and 13 ATR 72s.