 "Jet Airways may lease out ATRs to TruJet")
In order to raise funds, full-service carrier Jet Airways has decided to sublease out its fleet of ATR planes to regional carrier TrueJet.
The deal, which is taking a final shape, could be announced in two months, said people aware of the development. Jet has 15 ATR 72-500s and three ATR 72-600s which are leased from foreign lessors.
The deal may see Jet Airways leasing out the planes in a phased manner, starting with six planes in the first phase.
The move is likely to help the company earn money at a time when it is looking for funds for its fleet induction
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