Jet Airways: Corporate announcement

Subject: Sub (dry) Lease of two B 777-300ER Aircraft to Thai Airways

Announcement: Jet Airways (India) Ltd has informed BSE that the Company has executed an agreement with Thai Airways International Public Company Limited for the Sub (dry) Lease of two of its B 777-300ER aircraft. The Lease is set to commence from October 2011 and November 2011 respectively and will continue for a period of 24 months.

Both these aircraft are currently given on lease to Turkish Airlines Inc., and are expected to be returned later this year on the expiry of the respective lease terms.