Jet Airways completed its plan to lease eight single-aisle Boeing 737s, which it announced early this fiscal year. With the induction of the eighth and the last B737 Next Generation plane, Jet Airways’ fleet size has now grown to 119 aircraft. Also, this is the last B737 for the airline as it will now start taking deliveries of 737 Max, the latest single-aisle jet from the U.S. aircraft maker.
“We have inducted the eighth and the last Boeing 737 in the fleet today and with this, we have completed the process of leasing of eight such planes in the current fiscal year,” a Jet Airways source said.
“Our new fleet of Boeing B737-Max will come from June 2018 onwards. This year, we plan to take anything between six and aircraft from the open lease market and induct them into our fleet, primarily B-737NGs,” Jet Airways chief financial officer Amit Agarwal said last May.
Jet Airways Group fleet currently comprises 82 B737s, 10 wide-body B777s, and nine Airbus A330s, apart from 18 regional jet ATRs.
With the first implementation of ASC 842 fast approaching and lessees recognizing that the off-balance sheet operating lease will be a thing of the past, the leasing industry is now starting to see inquiries regarding whether financing structures can be... read more
Monitor 100 2018
Implementation of ASC 842 Leases will begin for larger companies in the fiscal years starting after December 15, 2018 and in fiscal years starting after December 15, 2019 for other companies. The impact of this accounting standard is operating leases... read more