Cash-strapped Air India decides to sale, leaseback Dreamliners (India)

> Times of India's News Report: With the first of the 27 Boeing 787 Dreamliners for Air India expected to arrive next month, the cash-strapped national carrier has decided to sale and leaseback seven of them and has started looking for bridge financing worth $230 million. 

While the first of these much-delayed planes would be delivered by the American manufacturer in January, the second one would come in March, the third in April and two each in May and June, official sources said. 

The Air India Board has already decided to go for sale of these aircraft to a lessor and immediate leaseback under an operating lease of 12 years with an option to extend the period, the sources said.

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source: Times of India

Posted in: air india, Boeing, Dreamliners, Pranab Mukherjee, US Exim Bank