Jet to lease 4 new Airbus A330s

Jet Airways has issued a letter of intent to International Lease Finance Corporation (ILFC) to lease four new Airbus A330-200.

According to a release issued by Jet to the BSE today, the execution of the lease will be subject to mutually acceptable documents and approvals as may be required.

"Subject to completion of documentation and obtaining approvals, the company expects delivery of the aircraft commencing from May 2006," the release added.