Air India sold 9 planes for Rs 7,000 crore
Air India has 131 aircraft in its fleet, consisting of Boeing, Airbus and ATR planes as well as CRJs
New Delhi: Air India has mopped up Rs 7,000 crore by selling nine of its 21 Boeing 787 Dreamliner planes to a Singaporean lessor, which it has taken back on lease from the company under an SLB arrangement, according to news agency reports. A major chunk of these funds will go into repayment of the bridge loan availed earlier for purchasing these Boeing 787-800s, airline sources told news agencies.
Under a Sale and Lease Back (SLB) 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. Air India has 131 aircraft in its fleet, consisting of Boeing, Airbus and ATR planes as well as CRJs
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