Lessors of the debt-laden Jet Airways are offering grounded Boeing planes to Indian airline SpiceJet. Around 50 aircraft are said to be offered on dry lease terms — these aircraft were grounded owing to the non-payment of lease rentals by Jet Airways.
The crisis-hit airline is regularly grounding planes and is currently operating only 41 aircraft from its total fleet, according to some reports. This deteriorating condition of the airline has led to the lessors looking for ways to get out this ongoing turmoil.
Besides, the lessors’ proposition comes at a time when SpiceJet has grounded 12 of its 737 Max 8, following the worldwide ban of aircraft model after Ethiopian Airlines crash. The low-cost carrier has been cancelling several flights due to a shortage of aircraft therefore, the airline may consider this offer to regulate its operations and business.
On the other hand, the Indian government has approached state-run banks to help Jet Airways come out of the financial crisis. This move is aimed at saving thousands of jobs dependent on the fate of India’s once preferred full-service airline.
Adding to Jet Airways’ woes, the airline’s pilots have threatened to go on strike from April 1, if their salary dues are not cleared soon. jetairways.com