Air India on Wednesday issued a fresh tender for the sale of its three remaining Boeing 777-200LRs in order to invite more bidders to participate and get a better price for the aircraft. The new tender extends the due date for bids to May 28 from May 12. The airline, which sold five of its eight Boeing 777LRs to Etihad in December last year, had initially issued a tender for sale of the remaining three B777 LRs on April 17. Manufactured in 2009, the three aircraft are powered by GE 90-110 engines and can seat 238 people.
“We believe more bidders want to participate, so the due date for the tender has been extended. It will help us get a price closer to our expectations,” an Air India official said.
Another senior official said that the target this time is to get a better price for each aircraft as compared to what it got in the previous sale. Air India had sold the first five B777LRs to Etihad for about $350 million — that is about $70 million per aircraft, which is far less than the initial purchase price of $110-120 million. Interestingly, even in the last sale Air India had to to issue multiple tenders in order to get enough interest.
15/05/14 Financial Express
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“We believe more bidders want to participate, so the due date for the tender has been extended. It will help us get a price closer to our expectations,” an Air India official said.
Another senior official said that the target this time is to get a better price for each aircraft as compared to what it got in the previous sale. Air India had sold the first five B777LRs to Etihad for about $350 million — that is about $70 million per aircraft, which is far less than the initial purchase price of $110-120 million. Interestingly, even in the last sale Air India had to to issue multiple tenders in order to get enough interest.
15/05/14 Financial Express
