INDIA & MIDDLE EAST: Gati ends B737 leases with Air India

Indian warehousing and logistics firm Gati has said it has discontinued an agreement with Air India for using five Boeing 737-200 aircraft under an earlierwet lease agreement. Gati, in a statement to the Bombay Stock Exchange, said that “the arrangement under wet lease agreement with Air India for five B737-200 has been discontinued with immediate […]


Indian warehousing and logistics firm Gati has said it has discontinued an agreement with Air India for using five Boeing 737-200 aircraft under an earlierwet lease agreement.

Gati, in a statement to the Bombay Stock Exchange, said that “the arrangement under wet lease agreement with Air India for five B737-200 has been discontinued with immediate effect”.

Consequently, the freighters leased by Air India have also been withdrawn with immediate effect, it added. However, the strategic alliance with the national flag carrier is being continued as usual without affecting air cargo movement business.