State-owned carrier Air India has put on sale two more Dreamliners (Boeing 787-800) to raise $250 million (nearly Rs 1,700 crore) for the repayment of short-term loan availed earlier for purchasing these planes. These two aircraft were delivered to Air India between November last year and January this year. The airline has fixed a reserve purchase price at $125 million (Rs 836 crore) for each aircraft. The airline has already sold and leased back the remaining 21 Dreamliners under the SLB arrangement. The sale and lease back transaction will be supported by the Government of India guarantee in favour of the bank/ institution/lessor, according to the document.

Source: Hindustan Times February 21, 2017 07:52 UTC