Mumbai: India’s largest private carrier Jet Airways (India) Ltd said on Monday it had entered into agreements with Oman Air to lease out two aircraft for six months from May.
Under the terms of the lease, the operational control and maintenance responsibility of the aircraft remain with Jet Airways, it said in a statement.
Air India spending on more planes on track
New Delhi: With Air India in the process of inducting aircraft, the national carrier will spend most of its at least Rs8,000 crore planned budget on funding its acquisition programme in the next fiscal year.
The plan expenditure for National Aviation Co. of India Ltd, which owns Air India, was fixed at Rs8,165.64 crore, up against last year’s allocation of Rs5,786.48 crore and a revised expenditure of Rs4,136.89 crore. The airline is funding the acquisition programme through internal accruals.
Air India has been seeking from the government a hike in its equity and a soft loan to meet the growing expenditure on its expansion plans and the ongoing acquisition of 111 planes. The civil aviation ministry’s outlay for FY10 is Rs12,164.76 crore, of which the budgetary support is Rs190 crore.