Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English

EXIT Poll Results

Detailed Exit Poll Results
News18 » Business
1-min read

Air India Express Mulls Leasing Some Jet Airways' Boeing 737s

Before halting operations temporarily mid-last week due to severe cash-drought, the private carrier was forced to ground 69 planes owing to non-payment of rentals to lessors.

PTI

Updated:April 21, 2019, 4:17 PM IST
facebookTwitterskypewhatsapp
Air India Express Mulls Leasing Some Jet Airways' Boeing 737s
File photo of air india express. Image: Reuters

Mumbai: Air India Express, the international budget arm of Air India, is examining the possibility of leasing some Boeing 737 aircraft of grounded carrier Jet Airways, which are parked at different airports due to non-payment, through a firm decision is yet to be taken, a top company official said on Sunday.

Before halting operations temporarily mid-last week due to severe cash-drought, the private carrier was forced to ground 69 planes owing to non-payment of rentals to lessors.

Later, on April 16, it grounded the rest of the planes in its fleet, when it decided to temporarily suspend all its domestic and international services.

Air India Express parent, Air India, is already discussing a proposal to lease five of Jet Airways wide-body planes, Boeing 777s.

"We are looking at leasing (B737 of Jet Airways) aircraft but there is no firm decision on this issue so far. As a matter-of-fact, there are a lot of other things that have to be looked at, like slots, sectors and timings, among others," Air India Express chief executive officer Shyam K Sunder said over phone from Kochi, the airline's headquarter.

When asked about the number of planes that his airline could induct from Jet Airways, he said, "We don't have a target number."

Air India Express, has its operations largely out of Kerala to the Gulf and South-east Asia. Besides, it also operates some flights to these regions from North and Western India as well as on some domestic routes. It has a fleet of 25 Boeing 737 planes, of which 17 are owned and rest 18 are on lease. The now out-of operations,

Jet Airways also has B737s in the fleet. Shyam Sunder also said the airline plans to recruit 50 commanders from Jet Airways, of which 20 have already been hired.

"We have already recruited a lot of pilots. We have about 20 of them already, all from Jet Airways as at present only Jet pilots are available in the market. Our intention is hire up to 50 pilots. So we will be inducting another 25-30 pilots going forward," he said.

The AIE official, however, ruled out hiring of first officers at this stage, adding that the airline may look at it if there was any requirement for them in the future.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 51.40 8.44
Reliance 1,416.35 1.42
Indiabulls Hsg 231.20 16.80
Zee Entertain 250.20 -5.39
Maruti Suzuki 7,302.30 2.50
Company Price Change %Gain
HDFC AMC 2,882.20 6.11
Yes Bank 51.40 8.44
Indiabulls Hsg 231.50 17.42
Reliance 1,415.30 1.37
IRCTC 779.20 7.57
Top Gainers
Company Price Change %Gain
Yes Bank 51.40 8.44
Coal India 205.95 3.28
Adani Ports 421.70 3.07
Grasim 746.50 3.03
Maruti Suzuki 7,302.30 2.50
Company Price Change %Gain
Yes Bank 51.40 8.44
Coal India 205.95 3.31
Maruti Suzuki 7,318.15 2.74
Power Grid Corp 202.55 2.45
NTPC 121.00 2.02
Top Losers
Company Price Change %Gain
Zee Entertain 250.20 -5.39
Tata Motors 136.85 -1.90
Eicher Motors 20,275.90 -1.05
Bajaj Auto 3,087.05 -0.79
Hindalco 187.40 -0.74
Company Price Change %Gain
Tata Motors 136.70 -1.05
Bajaj Auto 3,087.75 -0.73
Bharti Airtel 383.25 -0.65
ICICI Bank 437.75 -0.64
Axis Bank 709.20 -0.19

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results