Jet Airways nearing a deal to buy 50 A220 jets from Airbus

Jet Airways is near a deal to buy 50 A220 jets from Airbus, two people familiar with the matter said. The airline’s board was expected to meet to finalise the deal.

“We are in an advanced stage of discussions with lessors and OEMs (manufacturers) for aircraft, and we will announce our aircraft choice and fleet plans as we make our decisions,” a spokesperson for Jet Airways said.

“As we have said before, we are studying all possibilities to find the one that works best for us.”Airbus declined to comment.

Jet Airways nearing a deal to buy 50 A220 jets from Airbus

ALSO READ – Jet Airways places Airbus in the lead for USD 5.5 billion aircraft order

The A320 and A220 jets seem to be winning the race to woo Jet at the moment, but reports suggest that a final decision has not been taken. For the longest time, it was assumed that Jet would continue with the 737 family of aircraft as it did in its first stint.

Jet Airways, formerly a significant player in the Indian aviation industry, has not operated since April 17, 2019, although it is being revived under the control of the Jalan-Kalrock consortium. The DGCA, the accrediting body for aviation safety, renewed its air operator licence earlier this year.

Currently, the airline has six jets in its inventory – two Airbus A330-200s, three Boeing 737-800, and one 737-900

ALSO READ – Jet Airways to lease 6-8 aircraft by December; in talks with aircraft manufacturers and lessors

Currently, the airline has six jets in its inventory – two Airbus A330-200, three Boeing 737-800, and one 737-900, with an average fleet age of 16 years; though an extensive expansion is required if it plans to rebuild its previous network.

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