New Delhi: Air travellers could be assured of fares remaining reasonable with budget carrier SpiceJet planning to lease distressed Jet Airways’ grounded aircraft from their lessors in a move that will restore part of the airline industry’s capacity.
A person privy to discussions between aircraft lessors and the two airlines said that as many as 50 aircraft are on offer to SpiceJet. “Commercial negotiations are on for the leasing deal with SpiceJet. It will make immense sense to find an operator in India for these grounded planes than taking them elsewhere,” said the person who spoke on condition of anonymity.
With Jet Airways operating only about 41 of the 119 planes it had in its fleet before the current liquidity crisis hit the airline, industry capacity has shrunk in recent weeks.
