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Jet Airways may buy over 100 narrow-body aircraft in FY’13: Report

23 May 2012 Evaluate

In a bid to grab market share from its troubled rivals, Jet Airways, India’s premier international airline, is planning to buy over 100 narrow-body aircraft in FY’13, as per a report. The company will pay around $3.75 billion for purchasing these aircrafts.

At present, the airline operates a fleet of 102 aircraft, which includes 10 Boeing 777-300 ER aircraft, 12 Airbus A330-200 aircraft, 60 next generation Boeing 737-700/800/900 aircraft and 20 modern ATR 72-500 turboprop aircraft. With an average fleet age of 6.04 years, the airline has one of the youngest aircraft fleets in the world.

In a separate development, Jet Airways, in an attempt to prune losses, has decided to dismiss services of 72 high-cost expatriate pilots, as per media report.

Jet Airways (I) Share Price

34.04 0.00 (0.00%)
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