After a seven-year investigation, India’s Central Bureau of Investigation has discontinued its inquiries into alleged irregularities in leasing aircraft at Air India (AI, Delhi International). The probe found there was no evidence of any wrongdoing.

In 2006, Air India dry-leased four B777s for five years when it was already expecting delivery of its own B777s from 2007 onwards. The extra seats at a time when the airline was already experiencing low loads created a capacity glut. Consequently, five B777s and five B737s remained on the ground…

Source: ch aviation
Read more: Authorities close probe into Air India B777 lease deals