Air India puts five B777s on sale block

Nov 27 2012, 11:58 IST
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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.

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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