Air India scraps plans to sell some Boeing 777 planes: source

The airline may reconfigure some 777 planes to all-economy class and fly them to Gulf to cut losses
Comment E-mail Print Share
First Published: Fri, Nov 16 2012. 12 50 PM IST
The debt-crippled carrier had offered to sell five 777 planes last month. Photo: Ramesh Pathania/Mint
The debt-crippled carrier had offered to sell five 777 planes last month. Photo: Ramesh Pathania/Mint
New Delhi: Air India has scrapped plans to sell some of its Boeing 777 planes after the national carrier failed to find a buyer, a senior government source said.
Air India will now reconfigure some 777 planes to all-economy class and fly them to the Gulf region, which is expected to cut losses for the carrier, the source with direct knowledge of the matter, told reporters.
The debt-crippled carrier, which has been under pressure to trim costs and is alive today thanks to the $5.8 billion taxpayers’ bailout, had offered to sale five 777 planes last month.
Comment E-mail Print Share
First Published: Fri, Nov 16 2012. 12 50 PM IST
More Topics: Air India | Boeing 777 | Aviation | Debt |
blog comments powered by Disqus
  • Wed, Dec 24 2014. 03 39 PM
  • Thu, Dec 18 2014. 01 13 AM
Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved