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Monday 21 July 2014

Unable to sell 3 B777-200 LRs, Air India now offers them for lease

New Delhi: State-owned Air India has put up its last three Boeing 777-200 LRs for lease as a last resort to monetise the assets, after not being able to find buyers for the relatively new aircraft even after floating multiple tenders since April this year.
While five of the eight B777-200 LR wide-body jets were sold to Abu Dhabi-based Etihad in end-2013, the remaining three bearing registration numbers VT-ALF, VT-ALH and VT-ALG are not finding buyers because of poor maintenance, inefficient seat configuration and the fact that very few airlines like Etihad, Qatar, Emirates, Delta and Air Canada currently use these planes, industry sources said.

“AI intends to offer up to three B777-200 LR airplanes (of Year 2009 make) on dry lease for 7-10 years’ duration. These airplanes are on a US Exim Guaranteed financing and are being offered as sub lease,” a July 14 Air India tender with a due date of August 19 said.
Read news in full 17/07/14 Financial Express

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