Air India in talks with Air Canada to lease out five Boeing 777s

Mumbai: Cash-strapped Air India is negotiating a deal with Air Canada to dry lease five of its Boeing 777-200 (long range) aircraft, airline sources said.
"We are in discussions with Air Canada to lease out these aircraft," Air India sources told PTI.
A team of officials from Air India would soon visit Canada to discuss modalities like leasing cost, etc in this regard, sources said, adding that the deal may be finalised as early as within next two-three weeks.
A founding-member of the Star Alliance, Air Canada is Canada's largest airline serving over 180 destinations in five continents. Besides, it also operates regional service Air Canada Express.
27/05/12 PTI/Economic Times

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Categories: Air India May 2012, Foreign May 2012