May 1, 2017 / 6:38 AM / 3 months ago

Dubai Aerospace to lease 10 ATRs to Air India subsidiary

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DUBAI (Reuters) - Government-controlled Dubai Aerospace Enterprise Ltd (DAE) said on Monday it will lease 10 ATR 72-600 aircraft to a subsidiary of Air India.

The long-term lease agreements were signed with Alliance Air and the aircraft will be delivered this year, DAE said in a statement.

Last month, DAE announced it was acquiring Dublin-based AWAS, the world's tenth largest aircraft lessor.

Reporting by Alexander Cornwell; editing by Jason Neely

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