Tuesday, August 16, 2022

Jet Airways on verge of ordering Airbus planes worth $5.5 billion

Though off-the-shelf prices for the 50-odd aircraft would be more than $5.5 billion but Jet Airways would surely get discounts for such a large order, reported ajot.com

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Airbus is at pole position in the Jet Airways order for as many as 50 aircraft worth up to $5.5 billion. That will enhance the strength of the European planemaker in the world’s fastest-growing aviation market. Though off-the-shelf prices for the 50-odd aircraft would be more than $5.5 billion but Jet Airways would surely get discounts for such a large order, reported ajot.com.

Jet Airways is in talks for A320neo jets and A220 planes. In fact, Boeing and Embraer too, are also in discussions. However, Jet Airways has not taken a final decision yet.

Jet Airways, once India’s top private airline, is getting ready to start operations again. The move was historic since it was the first time that a carrier has been revived under the nation’s new bankruptcy laws. Jet got its flying license some time ago and with that the carrier is ready to operate, signaling its transformation into a “new avatar with fresh funding, changed ownership, and new management,” according to a statement.

Jet’s new owners — Dubai-based, Indian-origin businessman Murari Lal Jalan and Florian Fritsch, Chairman of London-based financial advisory and alternative asset manager Kalrock Capital Management Ltd.— have decided to invest as much as $120 million

Just last week, the carrier invited former cabin crew to join it. The airline is planning to come back with a mix of premium and low-cost services, Chief Executive Officer Sanjiv Kapoor had said in April. It will have a two-class configuration where business class passengers will be offered services including free meals, while economy class flyers will pay for meals and other services, he said.

Jet’s new owners — Dubai-based, Indian-origin businessman Murari Lal Jalan and Florian Fritsch, Chairman of London-based financial advisory and alternative asset manager Kalrock Capital Management Ltd.— have decided to invest as much as $120 million, Kapoor said.

“We are in final negotiations with lessors and OEMs for aircraft, and we will announce our aircraft choice and fleet plan once we have made a decision,” a representative for Jet Airways said recently and added, “We are studying all possibilities to find the one that works best for us.”

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Tirthankar Ghosh
Tirthankar Ghosh is a senior journalist and presently Managing Editor, Newsline Publications. He has also been writing for well over 15 years for the New York-based Air Cargo News Flying Typers.

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