Air India stake, cash to fund planes, says Campbell Wilson
Air India will fund its record 470-plane order from Boeing and Airbus through own funds, equity and saleand-leaseback, chief executive Campbell Wilson said on Monday.
The Tata-owned carrier earlier this month announced the provisional deals for 250 planes from Airbus and 220 from Boeing. The planes comes at a list price of $70 billion.
“We will be exploring other opportunities such as sale and lease back of aircraft. It suffices to say that there are a number of funding sources and it is likely to be a combination of various sources,” Wilson said.
