Jet Airways in talks to lease A330s and Boeing 737s to Oman Air


Jet Airways in talks to lease A330s and Boeing 737s to Oman Air

Jet Airways in talks to lease A330s and Boeing 737s to Oman Air

Jet Airways is in talks with Muscat-based Oman Air to wet-lease three of its Airbus A330s, and some Boeing 737s.

A wet lease is a leasing arrangement whereby one airline (lessor) provides an aircraft, complete crew, maintenance, and insurance to another airline (lessee), and gets paid on per hour basis multiplied by the number of hours that aircraft is flown by the lessee airline. The move comes as the airline seeks to reduce costs and mop up additional revenues amid cash drought.


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