Air India scraps plans to sell some Boeing 777 planes - source
NEW DELHI (Reuters) - Air India AIN.UL 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 sale five 777 planes last month.
(Reporting by Anurag Kotoky; Editing by Gopakumar Warrier)
- Tweet this
- Share this
- Digg this
U.S. President Barack Obama and Indian Prime Minister Narendra Modi on Tuesday plan to discuss issues ranging from manufacturing to sanitation as the two leaders aim to deepen ties. Story | Full Coverage
China final HSBC PMI steady in September on stronger global demand but risks remain Full Article