Here is a picture of Air India's leased 767-300ER. AI has leased this bird from Flyglobespan. The red underbelly and engines have been retained whereas the tail have been painted in the Air India colors.
The registration is still G-XXX and has not been changed to VT-XXX. Hope to click a better pic of this bird soon!
it is already operating for Air India.. primarily AI131 out of BOM and another AI8XX flight number if i remember correctly... possibly a gulf flight number??