Mumbai: Air carrier Jet Airways (India) Ltd will be leasing out four of its wide- bodied Boeing 777 aircraft to Gulf Air.
“We are leasing out four of our Boeing 777-300 (ER) aircraft to Gulf Air for three-and-half-year period,” Jet Airways executive director Saroj Datta said on Monday.
A lease agreement has been signed for this purpose, Datta said adding, “The lease period would be for 42 months.”
The aircraft would be on wet lease for first six months and for the remaining three years they would be on dry lease, he said. Under wet lease, an airline provides its aircraft with complete crew, maintenance and insurance to another airline. However, under dry lease, only an aircraft is leased out