National carrier Air India has announced plans to lease five Airbus A320 aircraft from a Chinese lessor as part of its strategy to replace its aging fleet. The five aircraft will be leased from China Aircraft Leasing Company (CALC), starting next year, for 12 years, a senior official at India’s civil aviation ministry says. Air India had floated a tender for dry lease of up to 19 narrow body A320 aircraft in August last year, but got no response. In October, Air India had issued a ...

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