JET AIRWAYS has been awarded the ‘Regional Deal of the Year’ for 2010 by the Airfinance Journal, a leading aviation industry financial publication.
The award was made for Jet’s structuring of an innovative operating lease for its six ATR aircraft, under a deal with Calyon Bank, France and Investec in London.
Under the deal, the airline took delivery of six new ATR aircraft between October and December 2010.
This is Jet’s second such award, the first was in 2002 for the US exim guaranteed financing deal with Standard Chartered Bank, Mumbai and SBI Bahrain, which accomplished the delivery of 10 B737 aircraft between February 2001 and May 2003.
Nikos Kardassis, CEO, Jet Airways said: “Given the cyclical nature of the aviation business, it is critical that airlines innovate their operations to stay ahead of the growth curve. Innovating to drive operational excellence and rationalise costs is a continuous strategic imperative for us at Jet Airways, testimony to which is this award by the Airfinance Journal.”