Jet Airways wet-leases aircraft to Gulf Air and Turkish Airlines

Jet Airways will lease out aircraft that have been rendered surplus following the route rationalisation and cost pruning.

The airline recently entered into a Wet-Lease Agreement with Gulf Air Company G S C, Bahrain, for leasing out two A330-200 aircraft for four months.

It has also entered into similar agreement with THY Turkish Airlines Inc, for leasing out three B777-300 ER aircraft for six months.

Under wet lease agreement the operational control and maintenance responsibility will remain with Jet Airways. The aircraft will remain on Indian registry and will be operated with Jet Airways crews.

As per my earlier analysis, Jet Airways will now be short of aircraft to sustain their Bangalore Brussels flight, and so Bangalore will loose this flight.

I can only wish that Jet Airways CEO Mr. Wolfgang Prock-Schauer and the senior management team at Jet, give Bangalore the level of loyalty they are receiving in return, and not surrender the skies to the foreign carriers.

About Devesh Agarwal

A electronics and automotive product management, marketing and branding expert, he was awarded a silver medal at the Lockheed Martin innovation competition 2010. He is ranked 6th on Mashable's list of aviation pros on Twitter and in addition to Bangalore Aviation, he has contributed to leading publications like Aviation Week, Conde Nast Traveller India, The Economic Times, and The Mint (a Wall Street Journal content partner). He remains a frequent flier and shares the good, the bad, and the ugly about the Indian aviation industry without fear or favour.

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