Tuesday, September 24, 2013

Etihad, Cameroon Air Keen to Buy Air India Jets

New Delhi: Etihad Airways and Cameroon Airlines Corp. are among companies that have expressed an interest in buying five Boeing 777-200 long-range passenger jets from Air India Ltd., a person familiar with the matter said Tuesday.
Flag carrier Air India put the five planes up for sale after higher jet fuel prices and a dearth of demand from Indian travelers forced it to ditch plans to operate nonstop long-distance flights to North America. It tried to lease the planes in 2011 but found few takers.
Airlines, cargo operators and other interested parties have until Thursday to make an offer. The deadline has been advanced from the end of December because of the interest from Etihad and Cameroon Airlines, as well as from an unnamed leasing company, the person told The Wall Street Journal.
He said teams from Etihad and Cameroon Airlines have already inspected the planes.
24/09/13 Santanu Choudhury/Wall Street Journal
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