Cloud on Air India lease plan

New Delhi: Debt-laden Air India might not be able to lease planes for its domestic arm Alliance Air.
According to sources, the civil aviation ministry has asked the national carrier to rethink its plans to induct CRJ-700 jets and turbo-prop ATRs for Alliance Air.
“Air India owes a total of Rs 2,250 crore to the three oil PSUs. GMR-led Delhi International Airport and GMR Hyderabad International Airport have already stopped their credit line and asked them to pay the landing, parking and navigation charges upfront from June 1. They are still to figure out a plan to make all these payments. So, inducting more planes on a lease hold basis is next to impossible,” said a senior AI official.
31/05/11 Karan Choudhury/The Telegraph

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Categories: Air India Jun 2011