Air India to double fleet by leasing 100 planes
The govt has decided that Air India will almost double its fleet by adding over 100 aircraft, but without burdening the exchequer with a mammoth debt burden like last time. The airline will grow by leasing aircraft instead of purchasing them. "We have decided not to seek any additional budgetary support except for the turnaround plan approved for the airline earlier. The airline will lease aircraft and has the resources to make the payment that needs to be made for leasing," aviation secretary R N Choubey said. A financial support of INR302.31b was approved for AI in 2012. Of which, it has received INR222.8b till March 2016 and another INR17.13b was to be given in FY16-17. The Modi govt has decided that the airline's growth plan will not lead to any enhancement in this equity support. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-16/star/air-india-to-double-fleet-by-leasing-100-planes
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Air India to double fleet by leasing 100 planes
The govt has decided that Air India will almost double its fleet by adding over 100 aircraft, but without burdening the exchequer with a mammoth debt burden like last time. The airline will grow by leasing aircraft instead of purchasing them. "We have decided not to seek any additional budgetary support except for the turnaround plan approved for the airline earlier. The airline will lease aircraft and has the resources to make the payment that needs to be made for leasing," aviation secretary R N Choubey said. A financial support of INR302.31b was approved for AI in 2012. Of which, it has received INR222.8b till March 2016 and another INR17.13b was to be given in FY16-17. The Modi govt has decided that the airline's growth plan will not lead to any enhancement in this equity support. <br/>
