Air India has signed a definitive sale and lease back agreement with Willis Lease Finance Corporation (NASDAQ: WLFC) for 34 CFM56-5B engines installed on its Airbus A320 family fleet.
The engines will be covered under Willis Lease’s ConstantThrust® program, which will deliver significant reliability and cost savings versus a traditional MRO shop visit program. This is the first ConstantThrust® sale and leaseback agreement for aircraft engines by any Indian carrier. Under the sale side…