Air India seeks to switch from sale-lease-back to purchase model

Posted on 16th Dec 2014 05:14 pm by rohit kumar verma

The airline has written to the government saying that it is allowed to buy plane by taking several loans. A senior Official used, “The redelivery charge can be in the range of $10-15 million for narrow body aircraft and as high as $15-25 million for wide body planes like the Boeing 787 Dreamliner.”

AI has ordered 27 Dreamliner and the funding for many of them is yet to be arranged for which the airline wants to adopt the outright purchase model. While, the current list price of a Dreamliner is $206 million.

 

 

The official, “In the sale and lease back model, we return aircraft to leasers after 12 Years and after spending huge sums of money. In outright purchase, the aircraft is completely owned by us when the 12 year repayment period for loan is over. We can use this aircraft for another eight years as the commercial life of a plane like the Dreamliner is about 20 years. At the end of that period too, the aircraft would have some residual value which can come to the airline.” 

Other news

Novak Djokovic: Novak Djokovic reaches the final of Wimbledon for the ninth time, and will clash with Alcaraz in the title match

Serbia's legendary tennis player Novak Djokovic has made his place in the final of the Wimbledon

India will take action considering maize as a global terrorist, accepted the decision of the United Nations; notification released

India issued a notification on Wednesday accepting the decision of the United Nations to declare

University closed, teachers secretly teaching online: Afghan girls said - Taliban left only one task for us - give birth and raise children

'My name is Iram. I live in Afghanistan. He has done his Master's at Pune University. When India

Unbelievably disappointing to be knocked out: Morgan

Adelaide, March 9 (IANS) A dejected England skipper Eoin Morgan on Monday said it is “unb

Bahraich Violence: Administration in action, 50 rioters arrested so far; FIR lodged against more than 100

The noose has started tightening on the miscreants who created a ruckus during the idol immersion

On Sirisena visit, India, Sri Lanka ink civil nuclear agreement

New Delhi, Feb 16 (IANS) India and close neighbour Sri Lanka Monday sought to begin a new chapt

JOSAA Counseling 2022: First seat allotment of IIT-NIT on 23rd, acceptance fee will be deposited immediately if you get admission

JOSAA Counseling 2022 Result: The process of choice filling for joint seat allotment by JOSAA Cou

Huge jump in YouTube's viewers in India, more than 20 million viewers played the app on TV

Video streaming company YouTube said that in May this year in India, more than 20 million people

Aishwarya Rai behaved like this with a fan amidst the promotion of PS2, the daughter-in-law of the Bachchan family is being praised everywhere

The beauty of Bollywood actress Aishwarya Rai Bachchan is discussed all over the world today. Ais

Shameful statement of BJP MLA about bringing Naveen's body from Ukraine said- Coffin occupies more space in flight

Karnataka BJP MLA has given an inhuman statement on the question of bringing the body of Karnatak