Jet Airways to lease seven ATR-72 planes to TruJet to cut down on costs

TruJet operates 32 daily flights and plans to increase it to 48 over the next few months. It also plans to add bases in Guwahati and Ahmedabad

Jet Airways plans to wet lease seven ATR-72 planes to TruJet to cut down on costs. Under a wet lease, a lessor provides pilots, maintenance, cabin crew and aircraft to a lessee. The move will result in a reduction of flights and a loss of domestic market share for Jet (currently at 15.5 per cent) but will help TruJet with short-term capacity addition without worrying about a pilot shortage. 

While the two firms have been in discussions since last year, the two sides agreed in principle on a wet lease agreement recently. Since the ATRs are not owned by Jet, getting