Air India plans to lease 12 aircraft

Air India has been forced to re-enter the market to lease up to 12 long-and-medium haul aircraft after it was unsuccessful in its earlier attempt to acquire them. Sources indicated that with global demand for aircraft outpacing supply, the global leasing market was firming up there by making it difficult for airlines seeking to acquire aircraft.
Air India, however, plans to attempt to dry lease up to three aircraft and is looking at either taking a Boeing 747-400 or Boeing 777-200 Extended Range aircraft.
Besides, the airline plans to wet lease four long range and five medium range aircraft to operate its scheduled flights to the US, the UK and Far East. While a dry lease involves leasing just the aircraft, in a wet lease the airline also takes the cockpit crew.
26/12/06 Moneycontrol.com

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