New Delhi: Air India has finalized a deal to sell its five wide-body Boeing 777 aircraft to Etihad Airways by signing an agreement with the Abu Dhabi-based carrier, airline sources said on Saturday.
Top Air India officials signed a formalising agreement with their Etihad counterparts in Abu Dhabi earlier this week, they said, adding that the deal would be implemented after the Indian government's approval, which is expected soon.
The two airlines had signed a Letter of Intent in October for an undisclosed amount, which was later approved by the national carrier's Board. The sale of these fuel-guzzler planes was part of Air India's turnaround plan.
Read news in full 07/12/13 Times of India
Friday, 13 December 2013
AI firms up deal to sell 5 Boeing 777 to Etihad
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