Air India to sell three Boeing 777s to mop up resources

NEW DELHI: Air India on Thursday declared its intent to sell three of its Boeing 777s for mopping up resources to stem its liabilities, barely four months after selling five of these planes to Gulf carrier Etihad Airways.

The airline offered three Boeing 777-200 Long Range airplanes, powered with GE 90-110 engines, for outright sale through competitive global bidding, Air India sources said a day after a meeting of its Board here.

The long-haul global routes flown by these aircraft would now be gradually replaced by Boeing 787 Dreamliners, which Air India is inducting at a steady pace. 13 of the 27 Dreamliners the airline has ordered have already joined the fleet.

The sale of five B-777s to Etihad in December last year was estimated to fetch over $335 million, which Air India plans to use to pay off its outstanding debt. ….

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