Air India Announces Sale and Leaseback Tender to Raise Money
The debt-ridden Air India is planning various strategies to raise money. One among them is sale and leaseback agreement (SLB pact), under which the airline will sell seven of its Boeing aircraft over the next 15 days to a lessor and take them back for lease for operations. SLB option will allow the airline to remove the planes and the debt associated with them from its balance sheet. The airline... Read More
