SpiceJet to lease out 2 Boeings to Saudi Arabia's Nas Air

Mumbai: To tide over the lean monsoon months, when airlines usually find it difficult to fill planes, budget airline SpiceJet has come up with an innovative plan: it is leasing out two of its Boeing aircraft to a Saudi Arabia-headquartered budget airline Nas Air.
SpiceJet has 35 Boeing 737-800/900 in its fleet and is leasing excess capacity on the 737-800 aircraft type.
"It's a business decision (to lease aircraft) and has been taken with the approval of the board. Airlines across the world lease out aircraft in this manner. It's not that we will be pulling this capacity out from the market, but we will be redeploying our fleet based on the loads," said SpiceJet CEO Neil Mills.
01/08/12 Manisha Singhal/Economic Times

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Categories: Foreign Aug 2012, spicejet Aug 2012