Boeing 787 order: Air India wants to shift from 'sale-and-lease-back' to buy

[mhm]

New Delhi, Oct 19:   

Air India has written to the Government seeking permission to shift from sale and lease back to outright purchase of the 15 Boeing 787 aircraft that the airline is yet to acquire.

Air India had ordered 27 Boeing 787 aircraft as part of a 68 aircraft deal valued at $11 billion at list price in 2005. Deliveries of the aircraft started in 2006 although the delivery of the Boeing 787 was delayed and it eventually joined in 2012 after a delay of almost four years.

A senior Air India official said that while the sale and lease back for seven Boeing 787 aircraft has been completed the process is under way for the remaining five.
http://www.thehindubusinessline.com/industry-and-economy/logistics/article6516377.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication