Jet Airways says wage negotiations with employees still on

The Naresh Goyal-owned domestic private carrier last Friday reported a net profit of Rs 85 crore for the quarter ended December against a net loss of Rs 101.22 crore in the year ago quarter.

Meanwhile, the airline in a statement said it has signed a global maintenance agreement with the European turboprop aircraft manufacturer ATR worth USD48 million.

This new agreement extends the existing pact by another seven years and covers the supply of spare parts and maintenance services for its fleet of ATRs.

Jet Airways, including its low-cost subsidiary Jet Konnect, currently operates 16 ATR 72-500 and one ATR 72-600s, and will add four more ATR 72-600s into its fleet, thus becoming the first domestic operator to have these new series aircraft.

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