Air India is looking to raise loans worth USD 535 million to finance acquisition of three Boeing planes, including two aircraft that will be used for ferrying VVIPs, a senior airline official said. The delivery of three B777-300 ER planes is scheduled to be completed in February next year, with two expected to be bought in January. As per the purchase agreement with Boeing, Air India is to buy 15 B777-300 ER aircraft and it has already taken delivery of 12 such planes. In 2006, Air India placed orders with Boeing for 68 aircraft -- 27 Dreamliners, 15 B777-300 ERs, eight B777-200 LRs and 18 B737-800s. The B777-300 ER aircraft owned by Air India has 342 seats for passengers.

Source: dna November 05, 2017 09:00 UTC