GrandAir of the Philippines, which recently acquired two more Boeing 737-200s on lease, is still awaiting the release of two of its three leased Airbus Industrie A300B4s. The aircraft were recently seized by Dutch owner ING. GrandAir, in the meantime, says that it is working with 737 lessor Askar and Deutsche Morgan Grenfell to develop a fleet-expansion plan. Askar says that it hopes to lease GrandAir a further three 737s by the end of the year.
Source: Flight International
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