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Indian Airlines to renegotiate A300 dry lease

The Indian Airlines inhouse committee will renegotiate the dry lease proposals for the Airbus A300 aircraft with three companies, it was decided today.

The board of directors of the airlines, which met today in New Delhi, has asked the negotiating committee to submit its report at the next meeting of the board.

Indian Airlines, which has decided to lease two aircraft, had begun negotiations last year with three companies -- Gecas, CS Aviation and Avcorp -- to get the Airbus A300 B4 planes.

Due to Indian Airlines's reported delay in taking a decision, CS Aviation and Avcorp had said there were no aircraft since they had been leased elsewhere. With Gecas, the problem was that the company's certain conditionalities were not acceptable to Indian Airlines.

The board today decided that a fresh round of negotiations should be carried out with the three companies. Indian Airlines had initially decided to get on lease three Airbus planes but the proposal was scaled down to two.

UNI