Wednesday, March 16, 2016

Air India signs pact for leasing 14 Airbus A320neo aircraft

Hyderabad: Air India on Wednesday signed an agreement for leasing 14 Airbus A320neo aircraft with ALAFCO, a Kuwait-based leasing company.

The delivery of aircraft is likely to start from early next year. The agreement was signed on the inaugural day of India Aviation 2016, the country's largest aviation conference and exhibition

Air India CMD Ashwani Lohani and ALAFCO vice chairman and CEO Ahmad Al Zabin signed the agreement.

"This induction will augment Air India's capacity in domestic market. Air India already has strong infrastructure maintenance facilities for the Airbus A320 family," the state-owned carrier said in a statement.

"This is a very important partnership for Air India. The A320 aircraft will add strength to our existing fleet and enhance our role as a major player in the domestic market," said Lohani.
16/03/16 IANS/Business Standard
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