State-owned carrier Air India has put on sale two more Dreamliners (Boeing 787-800) to raise $250 million for the repayment of short-term loan availed of earlier for purchasing these planes.
The airline would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option, the airline said in its Invitation of Offers document.
These two aircraft were delivered to Air India between November last year and January this year.
Under a Sale and Lease Back arrangement, the seller of an asset leases it back from the purchaser for a long-term period and continues to use it without actually owning it.
The airline has fixed a reserve purchase price at $125 million for each aircraft.
Currently, the airline has 23 Dreamliners in its fleet.
04/03/17 PTI/India West
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The airline would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option, the airline said in its Invitation of Offers document.
These two aircraft were delivered to Air India between November last year and January this year.
Under a Sale and Lease Back arrangement, the seller of an asset leases it back from the purchaser for a long-term period and continues to use it without actually owning it.
The airline has fixed a reserve purchase price at $125 million for each aircraft.
Currently, the airline has 23 Dreamliners in its fleet.
04/03/17 PTI/India West
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