Akasa Air Signs Contract With Griffin Global Asset Management for Sale and Leaseback of Five Boeing 737-8 Aircraft
Akasa Air has agreed to sell and leaseback five Boeing 737-8 aircraft to Griffin Global Asset Management, an Irish leasing company. Under a sale and leaseback deal, the airline sells its planes to a leasing company and then leases them back. This frees up the monies that were used to acquire the plane by the airline. Just three months after the Directorate General of Civil Aviation (DGCA) gave the planes... Read More