Air India to raise Rs 2,100 cr by selling five 777s to Etihad Airways

Feb 21 2014, 15:11 IST
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Air India currently has a total debt of close to Rs 44,000 crore, half of which is aircraft related. Air India currently has a total debt of close to Rs 44,000 crore, half of which is aircraft related.
SummaryAir India will be able to save $100 million per year towards interest and maintenance costs.

airline operators. He said the FAA downgrade would not have any impact on Air India’s joining Star Alliance. The global airlines grouping “has confirmed that the FAA safety assessment is a matter for the respective governments and aviation authorities and the downgrade has no direct impact on the planned integration of Air India into Star Alliance,” Venugopal said. On the Delhi International Airport (DIAL), Venugopal said till 2012-13, DIAL had earned Rs 9,716.84 crore, of which Rs 4,468.77 crore was the share of the Airports Authority of India.

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