DAE Capital and Wells Fargo Trust Services sent default letters to Air India (AI, Mumbai Int'l) over the last few weeks, the Business Standard has reported. Three banks also warned that the flag carrier is turning into a non-performing asset.
The two lessors reportedly demanded immediate payments for overdue leases.
According to the ch-aviation fleets module, DAE currently leases nine ATR 72-600s to Air India's regional subsidiary Alliance Air (India) (9I, Mumbai Int'l). Wells Fargo does not lease any aircraft to the carrier but might have been involved in the financing or provision of trust services for some of the carrier's aircraft.
Air India currently owns some INR18 billion rupees (USD263 million) to various vendors, including banks and lessors, Reuters has reported.
02/08/18 ch-aviation
To Read the News in full at Source, Click the Headline
The two lessors reportedly demanded immediate payments for overdue leases.
According to the ch-aviation fleets module, DAE currently leases nine ATR 72-600s to Air India's regional subsidiary Alliance Air (India) (9I, Mumbai Int'l). Wells Fargo does not lease any aircraft to the carrier but might have been involved in the financing or provision of trust services for some of the carrier's aircraft.
Air India currently owns some INR18 billion rupees (USD263 million) to various vendors, including banks and lessors, Reuters has reported.
02/08/18 ch-aviation
0 comments:
Post a Comment