Air India puts five B777s on sale block

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The move is to trim over Rs 68,000-crore debt. (Reuters) The move is to trim over Rs 68,000-crore debt. (Reuters)
SummaryThe move is to trim over Rs 68,000-crore debt.

premium fares, but that did not materialise.

This forced the airline to deploy them on medium haul sectors such as Hong Kong, Shanghai and London, rendering the aircraft operations economically unviable.

The aircraft, known as the Worldliner in the aviation parlance, or the one which can pair any two cities on the extremes, can fetch revenue only when operated on ultra-long routes.

In January, Air India had decided to do away with these aircraft by leasing them as soon as it got a firm indication about the delivery of the Dreamliners.

The first dry-lease tender was floated on January 2 this year but having failed to get a buyer it re-issued bids several times before finally scrapping the plan and deciding to go for an upright sale.

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