Jet Airways - Lease-out (Wet lease) of four Aircraft

Jet Airways India Ltd has informed that under its on-going route re-structuring and cost saving programme, the Company has entered into Agreements with Gulf Air Company G. S C Bahrain for the lease out, on a Wet Lease basis, of four B777-300 ER Aircraft for a period of six months each commencing from March, 2009 (3 aircraft) and May, 2009 (1 aircraft). At the end of this term, the wet lease arrangements will migrate to a dry lease arrangement. The letter of intent for the proposed dry lease has been signed.