Beleaguered carrier Jet Airways is in advanced stage of discussions with TruJet to sublease up to seven of its ATR planes to the regional carrier as it seeks to reduce costs and mop up additional revenues amid cash drought, according to an industry source.
These planes are likely to be subleased with its complete crew, maintenance and insurance.
The Naresh Goyal promoted full service carrier currently has 15 ATRs in its fleet. TruJet, which started operations in July 2015 has an all ATR fleet. The deal may be stitched by this month, the source privy to the development said.