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747-237

Rumors of Turkish Airlines leasing 3 x A332s from Jet Airways for 6 years.

More to follow.
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Caliguy · Posted: Sat Dec 14, 2013 9:34 pm Post subject:

Why would they do this? You would think EY would want 9W to fly to more places. With AI going to Star and Tata SQ coming, why would you want to continue to leave big unserved gaps in the network?

me111993 · Member Joined: 04 Sep 2009 Posts: 3225 Location: MAA/AMD

9Ws 332s are amongst the worst configured planes on earth, plus, they'll have all 10 77Ws + 4 333s + 7 332s at their disposal, more than sufficient till 2016-17 when their 789s start coming.
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747-237

Nimish · Posted: Sun Dec 15, 2013 3:32 pm Post subject:

Is the a/c leasing business of 9W profitable?
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747-237 · Posted: Tue Dec 24, 2013 1:15 am Post subject:

http://www.thehindubusinessline.com/industry-and-economy/logistics/jet-air-in-pact-with-turkish-airlines/article5494263.ece?ref=wl_industry-and-economy

Jet Air in pact with Turkish Airlines

Aircraft leasing deal for three idle A330s

Dec. 23:

Jet Airways (India) Ltd has entered into a fresh aircraft leasing arrangement with Turkish Airlines for its Airbus 330-200 wide bodied jets.

The Indian company, which is 24 per cent owned by Etihad Airways, will lease out three of its idle A330s to the Turkish carrier for six years, according to sources.

A Jet spokesperson did not comment on the development, and the financial details could not be ascertained.

At the end of the second quarter, Jet said it had grounded five A330s and had initiated discussions with players for both an outright sale and long-term lease arrangements.

If the company is successful in an outright sale of these aircraft, its debt portfolio will shrink by $200 million, the airline's chief financial officer Ravishankar Gopalakrishnan had said then. Debt at the country’s second largest airline was at $1.9 billion as on September 30, 2013.

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Jaysit · Member Joined: 19 Dec 2006 Posts: 4346

Good.

I'm flying TK IAD-IST in February, and hopefully they'll have Jet's 332s with the aisle-facing pods in J instead of the current angle-flat 332s they use on the route.

As for 9W, only they and they alone can take a proven money maker like the 332 and turn it into a liability.