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Air India board okayed the leasing of eight Boeing 737-800 Aircraft very recently. The board of the lowest arm of Air India has approved day lease of four aircraft and we lease of another four. The day lease will be for a longer duration whereas the we lease, only for six months. A day lease is an arrangement wherein an airline leases the aircraft without insurance, crew, ground staff, supporting equipments, maintenance, etc., In a wet lease agreement, the airline leases the aircraft with the entire paraphemalia of complete crew, maintenance unit and insurance.

The board also reviewed the performance of Air India Express for three months ending December, 2010. The airlines has not resorted to any cancellation in the period. This development assumes significance as, during the same period in the last year, the Airline had cancelled hundreds of services to the Gulf sector, due to operational reasons.

Since more aircraft are to be inducted into service, Air India Express will be supplementing a good number of routes to its network. According to a higher official, who expressed complacency on the performance of the carrier, there has been a notable improvement in terms of flight operations and revenues. The Airlines had appointed Mr.Pawan Arora as the Chief Operating Officer in Sept, 2010.