Jet in talks to lease out aircraft

Jet in talks to lease out aircraft

Mumbai: The country’s largest private airline, Jet Airways (India) Ltd, is in talks with Turkish Airlines and Air Tanzania to lease out four new Boeing B777 planes from January, after the carrier stops using these aircraft on a suspended India-US route, according to a company executive.

The Mumbai-based airline said Friday it is suspending flights on its Mumbai-Shanghai-San Francisco route from 13 January, confirming a Mint report of 1 October.

Jet Airways had launched the daily Mumbai-Shanghai-San Francisco flight on 14 June after a long wait for approvals. By August, it had pared frequency to five times a week to cut losses.

The company executive familiar with the development said Jet Airways may also withdraw its Amritsar-London flights by January because of poor passenger response. He didn’t want to be named because of the sensitivity ofthe issue.

Jet Airways’ chief executive Wolfgang Prock-Schauer was not available for comment. Mint could also not immediately contact Turkish Airlines or Air Tanzania.

Jet Airways said in a statement that because of the downturn in the US and UK, it plans to optimize the network between India and San Francisco, which will be served via London through its partner airlines. “Jet Airways has already announced a code share partnership with United Airlines with convenient connections between Mumbai and several US points via London in both directions," the airline said in the statement.