AIR INDIA TO LEASE 57 AIRCRAFT

Dino D'Amore
By Dino D'Amore December 2, 2010 15:32

AIR INDIA TO LEASE 57 AIRCRAFT

Teetering on the brink of bankruptcy, Air India has unexpectedly announced plans to lease 57 aircraft to boost capacity to meet demand.

The airline, which is buying 111 aircraft, has also indicated it wants to lease 10 A330s for international operations, 14 A320s and 737s as well as ATR and Bombardier aircraft for a five-year period starting early next year.

Leasing aircraft is essential for the airline whose lines of credit have dried up, while it is a clearly signals it will try and regain the market share it has lost to rivals.

Dino D'Amore
By Dino D'Amore December 2, 2010 15:32
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