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Jet Airways to Take Delivery of 5 ATR 72-600 Planes by March - Source

Date : 12/04/2012 @ 4:05PM
Source : Dow Jones News
Stock : Airbus Group (AIR)
Quote : 56.02  0.02 (0.04%) @ 9:09PM
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Jet Airways to Take Delivery of 5 ATR 72-600 Planes by March - Source

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By Santanu Choudhury

NEW DELHI--Jet Airways (India) Ltd. (532617.BY) will take delivery of five ATR 72-600 turboprop passenger aircraft by March, a person with direct knowledge of the matter said Tuesday.

The short-haul, 68-seat planes will be used to replace a similar number of ATR 72-500 planes on the fleet of Jet Airways, the person, who declined to be named, told Dow Jones Newswires. The first aircraft is expected to arrive in India this week, the person added.

Jet Airways, India's biggest airline by market share, currently has 17 ATR 72-500 planes on its fleet, which includes 11 aircraft that can carry 62 passengers each and six planes that have 68 seats each.

The ATR 72-600 is considered an advanced aircraft with low operating cost and higher passenger comfort.

The person said that Jet Airways will take the planes on lease from GE Capital Aviation Services, the commercial aircraft-leasing and financing unit of General Electric Co. (GE).

ATR is a joint venture between European Aeronautic Defence & Space Co. (EAD.FR) and Alenia Aermacci, a unit of Italy's Finmeccanica SpA (FNC.MI).

Eric C. H. Lee, a Singapore-based spokesman for GE Capital, didn't immediately reply to an emailed query.

Write to Santanu Choudhury at santanu.choudhury@dowjones.com

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