Air India plans to sell 5 Boeing planes

Last Updated: Fri, Oct 19, 2012 10:44 hrs
Customers stand at an Air India reservation office at domestic airport in Mumbai

State-run carrier Air India has offered to sell five Boeing 777 planes, according to a tender document posted on its website on Friday.

Bidders have until November 19 to submit their bids for the planes that were earlier planned to be leased out.

The debt-crippled carrier has been under pressure to trim costs and is alive today thanks to the $5.8 billion taxpayers' bailout.

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