Jet Airways, once a major Indian airline, succumbed to the arrival of the low cost IndiGo and SpiceJet in 2019. After closing its doors, the company ended up being acquired by a group of entrepreneurs who obtained their Air Operator Certificate (AOC) in the country in May and are now trying to re-enter the market.
While maintaining a small fleet of two A330-200s and four 737NGs, Jet Airways is close to announcing a large order for new single-aisle aircraft.
According to Bloomberg sources, Airbus would be preferred to close the deal, estimated at $5.5 billion for a package with A220 and A320neo jets.
The competition also includes the participation of Boeing, with the 737 MAX family, and Embraer, with the E2 series, in addition to leasing companies.
For Bloomberg, a spokesperson stated that the carrier is “in final negotiations with lessors and OEMs for aircraft, and we will announce our aircraft choice and fleet plan once we have made a decision. We are studying all possibilities to find the one. that works best for us.”
Jet Airways’ restart will be more modest, focused on domestic routes, unlike its heyday, when it operated long-haul flights and had a large fleet, including 150 Boeing 737s, 16 A330s and five 777-300ERs.