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Air Deccan leases two planes from GE

 Low-cost carrier Air Deccan is sourcing two aircraft on lease from GE Commercial Aviation Services to increase its market share."Air Deccan has signed an agreement to lease two aircraft from GECAS......

Paramount to pay $5.25 mn to UK firm

Paramount Airways, whose operations have been affected by a dispute over leasing of three aircraft, on Thursday offered to pay $5.25 million within six months to the UK-based lessor in the Supreme......

Airlines seek deferral of lease rent by 6 months

 Aircraft lease rentals are fixed costs and account for around 15 per cent of an airline’s expense and since these are paid in dollars are also subject to currency fluctuations. Domestic......

Boeing gives Jet Airways a helping hand

 'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'Arindam Majumder and Aneesh Phadnis report. Several long-term business partners of Jet......

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