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AI to dry-lease upto 14 Airbus 320 planes

National carrier Air India plans to dry-lease 14 Airbus 320 planes for up to six years to expand its erstwhile Indian Airlines fleet.

Air India intends to procure up to 14 old A320 aircraft, which should not be more than six years old on the date of delivery, with or without sharklet CFM56-5B4/3 engines on dry lease for a period of upto six years, it said.

The erstwhile Indian airline has only Airbus operations.

Deliveries of aircraft should commence in 2014/15 with subsequent induction in staggered manner going upto March 2017, it said.

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