Air India has issued a fresh global tender for the lease of 19 new Airbus A320 aircraft, after the financially troubled airline’s first bid in August failed to attract any lessors. “As part of its effort to reduce costs and optimize revenue, Air India intends to procure new A320s with Sharklet fuel-saving wing-tip devices, powered by CFM56-5B4/3 PIP engines, on dry lease for a lease period of maximum up to 12 years, up from the six-year lease period it planned in August,” an airline ...

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