Yet another surprise comes from Jet Airways; now it reveals this deal cancellation

Jet Airways has cancelled its proposed deal with TruJet for wet leasing its regional jets. The airline said on Monday that the deal was called off as the latter could not meet the deadline in the term of agreement. However, PTI quoting a source as saying that Jet Airways wet leasing deal of up to seven ATR planes to TruJet could not be completed due to pilots problems and regulatory hurdles.

"Jet Airways has called off the proposed agreement with a regional carrier (TruJet) as the terms were not met within stipulated timelines," a Jet Airways' spokesperson was quoted as saying.

The Jet Airways and TruJet had earlier too attempted to strike a deal on ATR planes last year.

The plan to wet lease planes from Jet Airways is on hold as of now and if it comes back to the negotiation tables, the deal can be done only by next year, the source said.

TruJet operates on regional and Udan routes from Hyderabad to various destinations,and it has an all-ATR fleet.

As a number of pilots have quit the carrier in the recent past, Jet Airways is not in a position to provide adequate number of ATR pilots with the aircraft, PTI reported citing the source. 

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Jet Airways reportedly wants TruJet to dry lease these planes, the source said. Jet Airways has 15 ATRs in its fleet at present.