Air India has scrapped plans to sell some of its Boeing 777 planes after the national carrier failed to find a buyer, a senior government source told Reuters.
Air India has scrapped plans to sell some of its Boeing 777 planes after the national carrier failed to find a buyer, a senior government source told Reuters.
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 said.
ADVERTISEMENT
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.
Copyright: Thomson Reuters 2012
Sign Up with Google
ADVERTISEMENT
RECOMMENDED FOR YOU
POPULAR
1
From Ration Queues To Airport Check-ins: How Digi Yatra CEO Steered Its Flight Upwards
2
Q1 Results Today: IDFC First Bank, Kotak Mahindra Bank, Premier Energies Among 38 Firms To Declare Earnings
3
IDFC First Bank, Kotak Mahindra Bank Q1 Results Today — Earnings Estimates
4
Trump Tariff Updates: Most Trade Deals Finished, Will Send '200 Tariff Letters', Says US President
5