Air India seeking SLB for up to seven 787s

Washington DC
This story is sourced from Pro
See more Pro news »

Air India has released a request for proposals for a sale and leaseback (SLB) of up to seven Boeing 787s.

The 12-year deal would include six of the type in its fleet and one still to be delivered from Boeing, according to the RFP. The aircraft are manufacturer's serial numbers 36276, 36277, 36278, 36281, 36282, 36283 and 36284.

The Indian flag carrier has financed the aircraft in its fleet through a number of bridge loans with tenors of up to 12 months.

India's directorate general of civil aviation grounded the 787 on 17 January following a similar move by the US Federal Aviation Administration (FAA) a day earlier. The grounding followed two lithium ion battery-related incidents aboard separate All Nippon Airways (ANA) and Japan Airlines (JAL) 787s.

Air India's latest 787 (36281) was delivered on 29 December 2012.