Air
Sahara, in July and September 2002, took delivery of two Boeing 737-700NG
aircraft, msn 28090 and msn 28091, from Bavaria International Aircraft Leasing
under separate aircraft lease agreements signed in June 2002. The privately
owned airline, headquartered in New Delhi, India, belongs to the Sahara
India Pariwar Group, one of the largest infrastructure and housing companies in
India. The group is also expanding its services in the areas of mass
communication and consumer products. Today, Air Sahara operates 10 Boeing
737-700NGs and Boeing 737-Classics. The incorporation of the New Generation
737-700 aircraft is part of the airline’s plan to increase the number of
aircraft to 45 within the next two years, making it the largest privately owned
airline in India. The agreements, which feature a term of 5 years plus an
extension option, allow Bavaria International Aircraft Leasing to further expand
its customer base in a market environment still impacted by the events of
9-11. |