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Friday, 19 April, 2019, 12 : 30 PM [IST]

Air India to lease five wide-bodied Boeing 777 aircrafts from Jet

Air India told State Bank of India that it was exploring the possibility of leasing five of the wide-bodied Boeing 777 aircraft that have been grounded and operate them to destinations such as London, Dubai and Singapore after Jet Airways announced a temporary suspension of its operations.
In addition, Air India has almost completed hiring 150 cabin crew members from Jet Airways for its international operations on Boeing 777 and Boeing 787 aircraft. It also offered special fares to passengers with confirmed return tickets for travel till April 28 on Jet Airways’ flights on 19 international routes.

Jet Airways is presently under the management control of the SBI-led consortium of lenders, which has offered to offload between 32.1 per cent and 75 per cent stake to an eligible investor after evaluating all bids. So far, the lenders have received expression of interest (EoI) from four-five parties. Qualified parties would be asked to submit binding bids, and the process is expected to conclude by May 10.

(Source: Indian Express)

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