State-owned carrier Air India has put on sale two more Dreamliners (Boeing 787-800) to raise $250 million (nearly Rs 1,700 crore) for the repayment of short-term loan availed earlier for purchasing these planes.<\/p>\n
The airline would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option, the airline said in its Invitation of Offers document. <\/p>\n
These two aircraft were delivered to Air India between November last year and January this year.<\/p>\n
Under a Sale and Lease Back (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.<\/p>\n
The airline has fixed a reserve purchase price at $125 million (Rs 836 crore) for each aircraft.<\/p>\n
Currently, the airline has 23 Dreamliners in its fleet.<\/p>\n
The airline has already sold and leased back the remaining 21 Dreamliners under the SLB arrangement.<\/p>\n
As part of its fleet expansion plan, the national carrier had in 2006 placed orders with Boeing for 68 aircraft — 27 Dreamliners, 15 B777-300ERs, eight B777-200LRs and 18 B-737-800s.<\/p>\n
The sale and lease back transaction will be supported by the Government of India guarantee in favour of the bank\/ institution\/lessor, according to the document.<\/p>\n
The guarantee will cover the lease rental obligation during the lease term and may include certain breakage costs and re-delivery conditions, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"
State-owned carrier Air India has put on sale two more Dreamliners (Boeing 787-800) to raise $250 million (nearly Rs 1,700 crore) for the repayment of short-term loan availed earlier for purchasing these planes. The airline would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option, the airline said in its Invitation of Offers document. These two aircraft were delivered to Air India between November last year and January this year. Under a Sale and Lease Back (SLB) arrangement, the seller of an asset leases it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-101189","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/101189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=101189"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/101189\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=101189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=101189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=101189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}