Jet Airways sets jet sale, leaseback plan in motion to raise $800 mn


Jet Airways (India) Ltd is in talks to raise as much as $800 million from the sale and leaseback (SLB) of 16 aircraft owned by the airline, according to a person close to the development.

The cash-strapped airline has 124 aircraft in its fleet, including 16 that it owns—10 Boeing 777, three Airbus A 330 and three Boeing 737. The rest are on lease.

The airline, owned by Naresh Goyal, is in talks with several parties for sale and leaseback of the 16 aircraft it owns and hopes to complete the process soon, said the person mentioned above, who didn’t want to be identified.

A sale and leaseback is a transaction in which the owner sells the aircraft, and then takes it back on lease from the buyer. This kind of deal typically removes the aircraft, and its associated debt, from the carrier’s balance sheet. Read More

You may also read!

Kargil To Have Full-fledged Airport For Commercial Flights

A team of Airport Authority of India (AAI) officials will visit border district of Kargil have a full

Read More...

DGCA Draft Proposal Seeks To Make Ops Of Choppers Safer

The country’s aviation regulator has come up with a draft proposal to improve safety standards in helicopter operations, after

Read More...

Air India Plans Expansion To Fill Jet Airways Void; Flights To Nairobi, Hong Kong, Bali Likely Soon

With significant drop in overseas capacity due to Jet Airways’ grounding, national carrier Air India plans to expand its

Read More...

Leave a reply:

Mobile Sliding Menu