Mumbai: Air India plans to sell three more of its Boeing 777-200 Long Range planes as it has found the planes too costly to suit its plan to turnaround to profitability, its finance chief said on Monday. "We tried different configurations for the planes, but saw nothing is working out. So we are planning to sell those too," S Venkat told ET.
In October, Air India sold five of the 777 planes to Abu Dhabi-based Etihad Airways for $350 million. Venkat said the remaining three are of more recent origin and the airline aims to earn more from the sale of those.
"The total we earn from the sale of eight planes should be enough to retire debt on them," he said without elaborating.
14/01/14 Anirban Chowdhury/Economic Times
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In October, Air India sold five of the 777 planes to Abu Dhabi-based Etihad Airways for $350 million. Venkat said the remaining three are of more recent origin and the airline aims to earn more from the sale of those.
"The total we earn from the sale of eight planes should be enough to retire debt on them," he said without elaborating.
14/01/14 Anirban Chowdhury/Economic Times
