Etihad Airways bids for Air India’s jetliners

etihadEtihad is bidding for Air India's longest-range jetliners that are each estimated to cost US$296mn. (Image source: Aero Icarus/Flickr)Etihad Airways and a German airlines leasing company will separately bid for Air India's five longest-range jetliners

According to a Gulf News report, a source said that the two bids were being evaluated by Air India and would be submitted to its board for approval. The entire sale process could take a few months and would need approval from India’s civil aviation ministry. Cameroon Air, which had earlier expressed interest in the jetliners, has reportedly not submitted a bid.

Air India is replacing the Boeing 777-200 Longer Range (LR) planes, which are less efficient to operate on shorter routes, with the more modern and less fuel thirsty Boeing 787. Air India has eight 777-200LR planes. The 777s entered the airline’s fleet in 2007 and 2008 as it targeted ultra-long-haul flights from India to the US West Coast. But Air India soon discovered that many Indian passengers opted for cheaper flights to the US that would include a stopover in Europe or the Middle East, Gulf News reported.

The Indian carrier put five Boeing 777-200 LRs up for sale. It tried to lease the planes in 2011 but found few takers.

A 777-200LR, which Boeing calls the Worldliner, can fly up to 17,395km with a full payload of 301 passengers. The plane remains the longest-range passenger jet ever built. A brand-new 777-200LR reportedly costs around US$296mn.

READ MORE...

Etihad and Cameroon Air may buy Air India jets

Alain Charles Publishing, University House, 11-13 Lower Grosvenor Place, London, SW1W 0EX, UK
T: +44 20 7834 7676, F: +44 20 7973 0076, W: www.alaincharles.com

twn Are you sure that you want to switch to desktop version?