{"id":497611,"date":"2022-06-10T08:59:17","date_gmt":"2022-06-10T03:29:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=497611"},"modified":"2022-06-10T09:29:35","modified_gmt":"2022-06-10T03:59:35","slug":"akasa-air-to-partner-griffin-for-sale-leaseback-of-boeing-planes","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/akasa-air-to-partner-griffin-for-sale-leaseback-of-boeing-planes\/","title":{"rendered":"Akasa Air to partner Griffin for sale, leaseback of Boeing planes"},"content":{"rendered":"<p>Akasa Air has signed a contract with Irish leasing company Griffin Global Asset Management for sale and leaseback of five Boeing 737 Max aircraft, a statement said on Thursday.<\/p>\n<p>Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back. This frees up the cash that the airline has spent in buying the aircraft.<\/p>\n<p>Akasa Air had signed a deal with Boeing to purchase 72 Max aircraft on November 26, 2021, approximately three months after the Directorate General of Civil Aviation (DGCA) gave the green light to Max planes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Akasa Air has signed a contract with Irish leasing company Griffin Global Asset Management for sale and leaseback of five Boeing 737 Max aircraft, a statement said on Thursday. Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back. This frees up the cash that the airline has spent in buying the aircraft. Akasa Air had signed a deal with Boeing to purchase 72 Max aircraft on November 26, 2021, approximately three months after the Directorate General of Civil Aviation (DGCA) gave the green light to Max planes.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-497611","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497611","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=497611"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497611\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=497611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=497611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=497611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}