National carrier Air India plans to raise up to $840 million by way of sale of its seven Boeing 787-8 Dreamliner planes, which it will then lease back, to pay off the bridge loans taken against these aircraft.
A part of the proceeds will also be used for operational requirements, sources said here.
The carrier has already taken the delivery of 11 Dreamliners and three more are expected to join the fleet by March of next year.
"We have put seven Boeing 787-8 Dreamliner planes for sale and leaseback to mop up funds," AI sources told PTI here.
"We expect to raise funds to the tune of $770-840 million as the airline is likely to get around $110-120 million per plane," they said.
22/12/13 PTI/Economic Times
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A part of the proceeds will also be used for operational requirements, sources said here.
The carrier has already taken the delivery of 11 Dreamliners and three more are expected to join the fleet by March of next year.
"We have put seven Boeing 787-8 Dreamliner planes for sale and leaseback to mop up funds," AI sources told PTI here.
"We expect to raise funds to the tune of $770-840 million as the airline is likely to get around $110-120 million per plane," they said.
22/12/13 PTI/Economic Times
