Air India has entered into sale/lease-back agreements valued at
USD600million with two European financial institutions. India's LiveMint
says the debt-ridden national carrier has sold four of its B787-8s to
Germany's Deutsche Bank while a fifth has gone to British firm,
Investec. Both companies have similar existing agreements with Air India
with Deutsche Bank having bought three B787s and Investec four.
“Sale and leaseback of planes will give us upfront liquidity. Besides liquidity, the balance sheet of airline will also look strong,” an Air India executive told the paper adding that the airline plans to offload an additional five B787s.
Read news in full 22/09/14 ch-aviation
“Sale and leaseback of planes will give us upfront liquidity. Besides liquidity, the balance sheet of airline will also look strong,” an Air India executive told the paper adding that the airline plans to offload an additional five B787s.
Read news in full 22/09/14 ch-aviation
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