Jet Airways dry leases three Boeing 777-300 ER aircraft to Thai Airways

Jet Airways has signed a new lease agreement for three of its B777-300 ER aircraft with Thai Airways, as part of its strategic fleet and capacity rationalisation initiative. The three new wide-bodied 777-300 ER aircraft has been dry leased to Thai Airways for a period of three years. The lease agreement with Thai Airways is in addition to the four other 777-300 ER aircraft currently on dry lease with Turkish Airlines.
 
According to Nikos Kardassis, CEO, Jet Airways, “Jet Airways has worked with a focused approach over the last two years to more closely align the airline's deployed capacity with current demand, streamlining costs in the process.  The leasing of three of our wide-body B777-300ER aircraft is among the last steps to fully achieving this objective. With the improvement in the global economic environment leading to a rise in air traffic, Jet Airways is now optimally positioned to return to profitability and sustain stronger growth, both in India and overseas with the introduction of new routes.”