Jet Airways, which is facing a financial crisis, on Tuesday said that it is looking to unlock value of the aircraft assets owned by it and will tap the market to do a sale and lease back of these aircraft which currently have a market value of around $750 \u2013 800 million. Jet has 16 aircraft \u2014 10 Boeing 777s, 3 Airbus A330s and 3 narrowbody Boeing 737s \u2014 of its fleet of 220 aircraft that it owns. \u201cAs on June 30, Jet\u2019s gross debt is Rs 8,620 crore and of this Rs 1,968 crore is aircraft related debt,\u201d Amit Agarwal, deputy CEO and CFO, Jet Airways, said on an investor call, adding that since a large part of this debt is aircraft related, the airline will definitely look at the large equity parked with the airline identified as an asset for sale and lease back. \u201cThe management has taken that position,\u201d he added. However, sector experts are not too sure if Jet\u2019s nearly 13-year-old 777s can be valued at that price and peg it to be in the range of $500-600 million. Sources said that Jet might immediately look at a sale and lease back of five of its 777s. Jet also stated that it was able to get an additional liquidity of $300 million into the airline during the quarter as sale and lease back incentives on its fleet order and some bank borrowings. FE reported on Monday that Boeing will be returning $200 million as a sale and lease back money to Jet after the airline placed a large order of 225 Boeing 737 Max with the US aircraft manufacturer. Jet, which on Monday posted a huge loss of Rs 1,323 crore during the April-June quarter, said that it is committed to raise its RASK costs by 3-5% and will be looking at doing so within a shorter span of time and this target is irrespective of the market factors. \u201cWe have identified three primary drivers that are within Jet\u2019s internal control that are, get the maintenance costs under control, get the sale and distribution costs in line, look at commissions and GDS providers and get an optimisation on fuel costs,\u201d said Vinay Dube, CEO , Jet Airways. Jet board had approved a turnaround plan on Monday which targets a saving of Rs 2,000 crore over the next couple of years. The management said that it has the mandate to monetise its JetPrivilege flying programme and it is looking at the possible transaction to monetise this stake not getting into the specifics.