Topurchase, take on leaseor in exchange, hire or otherwiseacquire real or personal property and rights or privileges, and to construct, maintain and alterbuildings or erections.
Leasing companies had raised concerns about their inability to repossess the planes, saying it would hurt future plans by airlines in India to take planes onlease.
Community councillor Sheila Campbell said the boxes had been deteriorating slowly and the scheme had restored them to their former glory, as well as allowing them to takeon a useful new lease of life.