Gulf Air finalizes lease for 4 Boeing 777-300 ERs

Gulf Air Boeing 767-34P ER A40-GV (msn 26235) (Grand Prix 2006) DXB (Konstantin von Wedelstaedt). Image: 900546.

Gulf Air (Bahrain) has finalized a lease deal with Jet Airways for the 42-month lease of four Boeing 777-300 ERs.  The first three aircraft will arrive in March 2009 and the fourth in May.  The airliners will be wet leased for the first six months as the new type is phased in with Jet Airways crews.  The remaining three years of the lease will be on a dry lease basis.  Jet Airways is leasing out what it considers to be surplus equipment during the economic downturn.

Copyright Photo: Gulf Air Boeing 767-34P ER A40-GV (msn 26235) (Grand Prix 2006) DXB (Konstantin von Wedelstaedt). Image: 900546.

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