Air India to Become Third Dreamliner Operator

Air InDIA, the financially troubled national carrier, has issued a request for proposals (RFP) pertaining to the delivery of its first seven Boeing 787 Dreamliners that it has on order.  The document contained some very interesting information about the aircraft’s technical specifications, as well as financial arrangements already in place for their purchase.  The RFP has been issued by the airline in the hope of finding a suitable lessor with which it can arrange the sale and subsequent leaseback of these initial aircraft, thus reducing its financial burden.
In the RFP it states that the first seven 787s will cost $804 million including two additional General Electric GEnx-1B engines, with the airline set to pay $109.6 million for aeroplane number one – compared to the 2011 Boeing list price of £193.8 million per aircraft – rising to $111.1 million for the seventh example.  The GEnx-1B engines have been valued at around $16 million each.
According to the RFP, 85% of the purchase costs are being covered under agreements with the US Export-Import Bank and the balance by commercial financing sources.  Air India’s 787s will be configured in a two-class layout with 256 seats – 18 in Business Class and 238 Economy Class, the latter in a 3-3-3 line-abreast arrangement.