Air India scraps plans to sell some Boeing 777 planes - source

Last Updated: Fri, Nov 16, 2012 08:06 hrs
Customers stand at an Air India reservation office at domestic airport in Mumbai

Air India has scrapped plans to sell some of its Boeing 777 planes after the national carrier failed to find a buyer, a senior government source said.

Air India will now reconfigure some 777 planes to all-economy class and fly them to the Gulf region, which is expected to cut losses for the carrier, the source with direct knowledge of the matter, told reporters.

The debt-crippled carrier, which has been under pressure to trim costs and is alive today thanks to the $5.8 billion taxpayers' bailout, had offered to sell five 777 planes last month.

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