Jet Airways -Updates

Jet Airways India Ltd has informed that the Company has entered into the following Agreements, for the lease-out, on a Wet Lease basis, of Aircraft that were rendered surplus consequent to the route re-structuring and cost saving programme undertaken by the Company to counter the effects of the economic slowdown and global financial crisis: 1. Wet Lease Agreement with Gulf Air Company G S C, Bahrain, for the leasing-out of two A330-200 Aircraft for a period of four months. 2. Wet Lease Agreement with Turkish Airlines Inc, Turkey, for the leasing-out of three B777-300 ER Aircraft for a period of six months. Wet Lease means that the operational control and maintenance responsibility remains with the Company. The aircraft remains on Indian registry and is operated with Jet Airways crew.