Air India seeking lease of eight ATR 72s for subsidiary

Singapore
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Air India has issued a tender seeking eight ATR 72-500 or -600 turboprops on dry lease, to be operated by its subsidiary Alliance Air.

In its tender documents, the Indian flag carrier says it is looking for aircraft that is either brand new or below five years old that are equipped with Pratt & Whitney PW127 engines. It is seeking to lease the turboprops for five to seven years, with an option to extend the lease further.

The aircraft will also have be delivered in an all-economy layout of at least 70 seats. Deliveries should be staggered from February 2014 through to December.

Alliance Air will operate the aircraft on routes between 139km and 666km. The carrier estimates that each aircraft will have a utilisation rate of 3,400 block hours or 2,750 cycles every year.

Bids are due by 14:30 local time on 9 December, with separate technical and financial bid documents to be submitted.

Flightglobal’s Ascend Online Fleets database shows that Alliance Air operates five ATR 42-300s and two Bombardier CRJ700 regional jets under the Air India Regional brand. It also has an ATR 42 and two CRJ700s in storage. All of the aircraft it operates and keeps in storage are on lease.