Cash-strapped Indian air carriers are revisiting aircraft lease rental agreements to improve their bottomlines. The airlines have been affected by the over two-month-long suspension of operations and see a further impact on revenues with services resuming with just a fraction of capacity and extremely low passenger load factors.
Some airlines have approached lessors seeking a deferment on rentals and also a substantial reduction in rental costs and have got concessions, as per industry experts.
In several instances, carriers have been allowed to partially delay payment by anywhere between three to eight months, an aircraft lessor said on condition of anonymity.
