Air India scraps plans to sell some Boeing 777 planes - source

NEW DELHI Fri Nov 16, 2012 1:10pm IST

Customers stand at an Air India reservation office at the domestic airport in Mumbai May 8, 2012. REUTERS/Vivek Prakash/Files

Customers stand at an Air India reservation office at the domestic airport in Mumbai May 8, 2012.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - Air India has scrapped plans to sell some of its Boeing (BA.N) 777 planes after the national carrier failed to find a buyer, a senior government source said.

Air India will now reconfigure some 777 planes to all-economy class and fly them to the Gulf region, which is expected to cut losses for the carrier, the source with direct knowledge of the matter, told reporters.

The debt-crippled carrier, which has been under pressure to trim costs and is alive today thanks to the $5.8 billion taxpayers' bailout, had offered to sell five 777 planes last month.

(Reporting by Anurag Kotoky; Editing by Gopakumar Warrier)

FILED UNDER:
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
dkbarc wrote:
Air India management opeartes on what prejeduce I am not sure, there is no tickets available from Delhi To Patna since 2 weeks.

There is no direct flight from Mumbai to Patna.
This is a glimpse if they really make study about other sectors they can deep penetrate the market.

Nov 16, 2012 1:45pm IST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India Economy

REUTERS SHOWCASE

Reliance Projects

Reliance Projects

Exclusive: Reliance plans $13 billion projects including new refinery.  Full Article 

Pharma Sector

Pharma Sector

In race for bigger margins, drug makers willing to lose the India "advantage".  Full Article 

Low Stocks

Low Stocks

Indian power station coal stocks lowest since 2012 blackouts.  Full Article 

Markets This Month

Markets This Month

Tata Motors, M&M top Sensex gainers  Full Article 

Google Drones

Google Drones

Google is testing unmanned drones to deliver anything from dog food to medicine.  Video 

#RiceBucketChallenge

#RiceBucketChallenge

In India, rice replaces ice in bucket challenge.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage