India’s Jet Airways has wet leased one of its Airbus A330-200 aircraft to the UAE’s Etihad Airways, it was reported, as the two continue discussions over an equity stake sale.
In a text message sent to India’s Economic Times, Jet CEO Nikos Kardassis said that the wide body aircraft and 60 cabin crew would be leased to the Abu Dhabi-based carrier. The cabin crew will undergo three months of training in Mumbai beforehand.
"We enter into a wet lease agreement with Etihad for one A330-200. Since we stopped the Chennai-Brussels flight, we have excess qualified A330 cabin crew based in Chennai. We will use this crew for the wet lease operation with Etihad," Kardassis said in an SMS.
In a wet lease agreement, one carrier provides the aircraft, crew and maintenance for an agreed period, while the other takes on the responsibility for supplying and operating the craft. In this case, neither party provided details on how long the lease would last.
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