Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
Special Correspondent

Griffin, Akasa Air tie up for aircraft sale, leaseback

Akasa Air Boeing

Aircraft leasing company Griffin Global Asset Management on Thursday announced an agreement with Akasa Air for purchase and leaseback of five Boeing 737 MAX aircraft.

Akasa Air has placed a firm order of 72 Boeing 737 MAX aircraft. Under a sale-leaseback arrangement, the aircraft owner sells the aircraft to the lessor, who then immediately leases the aircraft to the original owner. The tie-up allows airlines to maintain liquidity.

The airline aims to take delivery of its first aircraft later this month and begin services next month after receiving an air operator permit from the DGCA.

Akasa Air aims to induct 18 planes until March 2023, which will be used to connect metros with tier-2 cities.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
One Extraordinary (Olympic) Photo: David Goldman captures rare look at triathlon swimming
AP photographer David Goldman has photographed the triathlon at the last three Olympics
The Independent UK
The Independent UK
Study finds heavy metals in many dark chocolate products in the US
Researchers found levels of lead and cadmium that far exceed allowable amounts under California guidelines
The Guardian - US
The Guardian - US
McDonald's menu adding another big burger change
The fast-food giant has been trying to fix one of its biggest problems, and it has a new solution.
The Street
The Street
USA are lagging in the Olympic gold medal table. Should American fans panic?
As day four of the Olympics began, Team USA were sixth in gold medals won. But their strengths are still to come and their overall total is solid
The Guardian - US
The Guardian - US
Why Trump’s tactic to make Kamala Harris’s laughter ridiculous won’t work, according to Baudelaire
When US Vice-President Kamala Harris began to be touted as President Joe Biden’s likely successor, Republican presidential hopeful Donald Trump and his team wasted little time calling her “laffin’ Kamala Harris” on social media.
The Conversation
The Conversation
We now know what a brain looks like on psilocybin – but what does that tell us?
Many studies have suggested that psilocybin, the active ingredient in magic mushrooms, might be useful in treating a variety of mental health conditions. But we don’t really know what’s going on at the level of “functional brain networks” – the communication pathways that connect different regions of the brain.
The Conversation
The Conversation
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play