FLY Leasing, the lessor for the beleaguered airline Jet Airways has said that it will take back the three grounded aircraft and redeploy them if the latter is unable to get its debt restructuring plan approved with the State Bank of India. Ireland headquartered aircraft leasing investment company Fly Leasing had grounded three aircraft, given to Jet Airways on lease, on Thursday.
The airline on Thursday had said that it is due to the failure to make payments, Reuters reported.
“…we have 3 fairly young (Boeing 737-)800s there that represent about 3% of our revenue at FLY. We’ve been a long-time lessor to Jet and to Etihad, and we’re a big believer in the Indian aviation market. I mean you look at the metrics of that market, it’s phenomenal, so any major lessor has to play in that marketplace, it’s — long-term it’s the place to be.
