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.
22/09/14 ch-aviation
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“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.
22/09/14 ch-aviation
