NEW DELHI : Operating in just a fraction of total capacity due to extremely low passenger load factors, in most instances, cash strapped Indian air carriers are revisiting aircraft lease rental agreements.
Besides a substantial reduction in rental costs, several domestic carriers have approached lessors seeking a deferment on the rentals and have already managed to avail concessions, according to industry watchers.
Aircraft lessors who spoke to Mint on condition of anonymity said that in several instances, carriers have been allowed to partially delay payment by anywhere between three to eight months.
