SALE
to buy A319 planes, lease to Kingfisher
By Melvin Yong, Channel NewsAsia
Time is GMT + 8 hours
Posted: 16 June 2005 1326 hrs
SINGAPORE:
Singapore Aircraft Leasing Enterprise (SALE) has signed
an agreement to buy three Airbus A319 planes and lease
them to India's Kingfisher Airlines.
The
aircraft will be delivered in December 2005 and January
2006 and will be leased to Kingfisher on a long-term basis.
SALE
did not reveal financial terms.
Robert
Martin, managing director and chief executive officer
of SALE, said the deal with Kingfisher underscored the
Singapore-based lessor's success with new airlines in
the Asian region.
Mumbai-based
Kingfisher Airlines began operations in May this year,
flying on key Indian domestic routes. - CNA/ir
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