Airliners-India.com

747-237

http://www.business-standard.com/article/pti-stories/etihad-drops-plan-to-lease-boeing-aircraft-from-jet-114102600376_1.html

Etihad drops plan to lease Boeing aircraft from Jet

Jet Airways may deploy these planes in its long-haul operations, sources said, adding that this is a big set back to the airline

October 26, 2014

Jet Airways' foreign equity partner, UAE-based Etihad, has dropped its plan to lease three Boeing 777 aircraft from the airline, putting the domestic carrier in a difficult situation, sources said.

These aircraft, B 777-300 ERs, were with the Turkish Airlines and have recently come back to Jet Airways after completing the lease period, an airline source told PTI here.

"Etihad had earlier sought to lease these aircraft as it wanted to deploy them on its international network. However, it has now indicated to the airline of not doing so," the source said.

Jet Airways now may deploy these planes in its long-haul operations, they said, adding that this is a big set back to the airline which is already grappling with several other issues including problem from its pilots.

Jet Airways did not respond when its comments were sought on the issue.

Naresh Goyal-promoted Jet has already leased out some of its aircraft - Airbus 330-200s and Boeing 777-300ERs - to Abu Dhabi-based Etihad Airways, which had picked up 24% stake in the Mumbai-based carrier for over Rs 2,060 crore last year, making it the first FDI in the domestic aviation sector.

Jet was earlier planning to induct these wide-bodied planes to its international operations. However, after Etihad's proposal, it shelved the plan at that time.
_________________
11000 posts (and counting) on Airliners-India.

747-237 · Posted: Mon Oct 27, 2014 2:04 am Post subject:

Hold on ........

http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/etihad-plans-to-take-on-lease-boeing-aircraft-from-jet-airways/articleshow/44942024.cms

Etihad plans to take on lease Boeing aircraft from Jet Airways

27 Oct, 2014

Etihad tonight said it plans to take on lease two Boeing 777-300 ER aircraft from India's Jet Airways, in which it holds 24 per cent stake.

The Abu Dhabi-based carrier scotched speculation that it was not interested in leasing planes from its foreign equity partner in India.

"We already have two Boeing 777-300ERs and two Airbus A330-200s in operations under dry lease from Jet Airways and are finalising plans to introduce further two aircraft before the end of the year," Etihad said in a statement.

Earlier, sources in Jet said Etihad had indicated of not going ahead with leasing of Boeing 777-300 ERs from the Naresh Goyal-promoted carrier.

Three of Jet's Boeing 777-300 ERs were with Turkish Airlines and had recently come back to the Indian carrier after completing their lease period.

Jet was earlier planning to induct these wide-bodied planes on its international routes. However, after Etihad's proposal, it shelved the plan.
_________________
11000 posts (and counting) on Airliners-India.

Nimish · Posted: Mon Oct 27, 2014 9:06 am Post subject:

A twitter wag commented yesterday - saying that once EY had got the 77Ls so cheap from AI, they did not want to pay the market lease rates for 9W's birds any more Smile

_________________
We miss you Nalini!

747-237 · Posted: Mon Oct 27, 2014 7:03 pm Post subject:

The Exchange had sought clarification from Jet Airways (India) Limited with respect to a news item captioned "Etihad drops plan to lease Boeing aircraft from Jet ". The Company has clarified that "Etihad has already denied it. Etihad has also issued the clarification in this regard. Etihad Statement: (attributable to an Etihad Airways spokesperson) Etihad Airways has denied reports that it has dropped plans to lease aircraft from Jet Airways. We already have two Boeing 777-300ERs and two Airbus A330-200s in operation under dry lease from Jet Airways, and are finalizing plans to introduce a further two aircraft before the end of the year.

http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=877877
_________________
11000 posts (and counting) on Airliners-India.