Thursday, May 01, 2014

Air India to sell three remaining Boeing B777 planes

Mumbai: National carrier Air India has put its three remaining Boeing B777-200 LR airplanes for sale, about four months after selling five of these planes to Abu Dhabi-based Etihad Airways.
According to senior Air India officials, the airline has floated tender on the sale of these planes and expects to hear from prospective bidders by the middle of May.
Another Air India official told FE that some of the potential bidders for the B777s, this time around, could be leasing aviation companies and Etihad Airways which bought five of these planes from the airline last December.
The competitive global bidding for the three B777 close on May 12. The commercial bids for the aeroplanes are slated to open on May 13, while the price bids for the successful technical bidders are to be opened at a later date, said the airline’s tender document for the sale of 3 B777s.
Air India had raised about $340 million (Rs 2100 crore) from the proceeds of the five B777 sale last year. The airline had raised about Rs 427 crore per aircraft though it had bought these planes at about Rs 1300 crore each.
30/04/14 Indian Express
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