Air India seeks lessor jet delivery financing after record order
1 year, 9 months ago

Air India seeks lessor jet delivery financing after record order

Live Mint  

Air India has kicked off financing for a plane order worth tens of billions of dollars by asking leasing companies to submit proposals for sale-leaseback deals, the airline said on Monday as industry executives play down the impact of recent banking-sector turmoil on aviation. Air India Chief Executive Campbell Wilson confirmed the airline had gone to the leasing market with a request for jet financing and said he was not worried about financing the orders following its recent takeover by Tata Group. When asked whether Air India had sought lessor bids on the 470-plane plane order, Campbell told Reuters on the sidelines of a CAPA India conference that they had on "portions of it". "As India as a country grows, and Indian aviation grows, it will also be viewed as a more mature and maturing market," IndiGo CEO Pieter Elbers told Reuters at the same event.

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