Chennai: AirAsia Berhad has announced that it commenced a leasing arrangement in relation to an A320-200 aircraft to be operated by AirAsia (India) Private Limited (AirAsia India). The company said, AirAsia India will pay a total consideration of $45 million for the term of the Agreement.
In an announcement from AirAsia Berhad, the company has said that it has commenced the leasing agreement on September 5, 2014, to be operated by AirAsia (India) Pvt Ltd, for a total consideration of $45 million for the term of the Agreement.
In July this year the Airline said that company would have five more planes in total before end of 2014.
The Friday's statement said, "the consideration is in the form of monthly lease payments payable in advance by AirAsia India". The term of the agreement shall be for 144 months and AirAsia India shall pay a security deposit in the form of cash or a letter of credit.
08/09/14 Business Standard
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In an announcement from AirAsia Berhad, the company has said that it has commenced the leasing agreement on September 5, 2014, to be operated by AirAsia (India) Pvt Ltd, for a total consideration of $45 million for the term of the Agreement.
In July this year the Airline said that company would have five more planes in total before end of 2014.
The Friday's statement said, "the consideration is in the form of monthly lease payments payable in advance by AirAsia India". The term of the agreement shall be for 144 months and AirAsia India shall pay a security deposit in the form of cash or a letter of credit.
08/09/14 Business Standard
