Jet Airways calls off ATR wet leasing deal with TruJet
Private carrier Jet Airways on Monday said it has cancelled its proposed deal with TruJet for wet leasing of some of its regional jets over the latter’s failure to meet with the deadline on terms of agreement.
Earlier in the day, a source had said that the deal for wet leasing of up to seven ATR planes to TruJet by the Jet Airways had hit air pocket due to regulatory issues and pilots problems. “Jet Airways has called off the proposed agreement with a regional carrier (TruJet) as the terms were not met within stipulated timelines,” a Jet Airways’ spokesperson told PTI in response to a query on the deal.
“Jet Airways is not in a position to provide adequate number of ATR pilots along with the aircraft as a number of pilots have quit the carrier in the recent past. Instead, it wants TruJet to dry lease these planes, which is an economically viable proposition for the regional carrier,” the source said.
TruJet spokesperson was not available for comments. “Leasing in an ATR from the market is not an issue but getting trained pilots for this type of aircraft is certainly a problem. So, a dry lease does not make economic sense at all,” the source said. TruJet had in August said that the carrier was working on options to induct up to seven aircraft from Jet Airways.