SpiceJet Hires More Than 100 Jet Airways Pilots, Cabin Crew

Cash-strapped India’s Jet Airways grounding all flights

India's Jet Airways is suspending flights after failing to secure bank funding

SpiceJet chairman and managing director Ajay Singh in a statement Friday said that his carrier is giving "first preference" to Jet Airways staff in recruitment.

"During the meeting with Kumar, Lohani discussed his proposal on leasing five B777s of Jet Airways", the sources told.

The AI board is scheduled to meet on April 27 and the subject may come up for discussions.

Weighed down by a mountain of debt and falling revenue, Jet Airways announced suspension of its entire operations from Wednesday night and owns 16 wide-body planes, 10 B777-300ERs and six Airbus A330s. He questioned the decision to force a grounding, stating that there were employees reporting for work and there were enough planes parked in airports around the country.

The AI chairman had written to SBI chief Wednesday expressing interest in taking on lease five of the Boeing 777s from Jet and deploy them in key global routes.

"But it does not have additional aircraft to do so".

At least 280 slots were vacant in Mumbai and 160 in Delhi, he said, after Jet Airways - once India's largest private carrier - ended all operations on Wednesday evening after failing to secure further loans from lenders.

The Air India spokesperson was not available to confirm or deny the meeting.

In a dry-lease arrangement, the lessor gives out only the aircraft to a lessee, while in wet-lease, the aircraft comes with the complete crew, maintenance and insurance.

Air India on Thursday offered special fares to passengers stranded in worldwide routes due to Jet's grounding.

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