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Air India mops up Rs 7,000 cr through sale of 21 Dreamliners; takes them back on lease

Nov 23, 2015    

New Delhi - Air India has mopped up Rs 7,000 crore by selling nine of its 21 Dreamliner aircraft to a Singaporean lessor, which it has taken back on lease from the company under an SLB (sale and lease back) arrangement.A major chunk of these funds will go into repayment of the bridge loan availed earlier for purchasing these Boeing 787-800s, airline sources said.Under an 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 ...

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