New Delhi: The throwaway price at which national carrier Air India (AI) has decided to sell its five Boeing 777-200 LR (long range) planes to Etihad Airways has raised eyebrows.
The planes, purchased just six years ago, will be sold for a meagre Rs 2,135 crore, which works out to Rs 427 crore per plane.
The price at which the Maharaja will sell the planes is a mere onethird of Rs 1,400 crore spent on purchasing each.
AI is reported to have lined up another three Boeing 777-200 LRs in its fleet for sale after it got the government nod to sell the other five. The Boeing 777 LRs were meant to fly for the next 25 years, then- civil aviation minister Praful Patel had told the government in August 2004, when the deal was finalised for ordering 111 Boeings and Airbus for the national carrier.
Read news in full 28/12/13 Sanjay Singh/Business Today
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