State-run Air India's regional arm, Alliance Air, is planning to induct two ATR planes in its fleet on long-term lease by the third quarter of the next fiscal year, a source said Wednesday.
The carrier currently has 18 ATRs in its fleet, of which two will be going back to the lessors after completion of the lease period in March next year.
However, at the same time, it will be inducting another two such planes by the first quarter of FY19.
The source also indicated that the airline may be open to early deliveries of these planes as well.
In a dry lease arrangement, the lessor gives out only aircraft to a lessee airline or operator as against a wet lease in which the aircraft comes with its complete crew, maintenance and insurance
The carrier intends to dry lease these planes for eight years, as per the source.