Centre allows airlines to wet-lease wide-body planes for up to 1 year
The civil aviation ministry has allowed Indian airlines to take wide-body planes on wet lease for up to one year as it pursues efforts to make the country a key international hub for air traffic.
A senior ministry official on Sunday said the rules have been relaxed and airlines that seek to operate wide-body planes will be permitted to operate such aircraft on wet lease for up to one year. Till now, wet leasing of wide-body planes was allowed only for up to six months.
The country’s largest airline IndiGo on Sunday said it approached the ministry and has received a communication conveying the ministry’s approval to allow Indian carriers to wet/damp lease aircraft for a period of six months extendable by another six months.
