Air India extends deadline for bids

January 10, 2010 01:57 pm | Updated 01:57 pm IST - Mumbai

There seems to be no takers for leasing Boeing-777s from Air India, which plans to wet-lease six of them for up to two years owing to a demand-supply mismatch.

“Inquiries are coming but the rentals they are quoting are much less than our expectations,” sources in the airline told PTI here on Sunday. This has forced the airline to extend the date for submitting bids for the third time last week to January 29.

The ailing national carrier had invited requests for quote (RFQs) to lease out these wide-body Boeing 777s last November in its bid to mop up some additional funds amidst huge financial losses. The flag carrier is awaiting a government bail out now.

Of the six aircrafts, which are 2007 manufactured, three are Boeing 777-200s (long range, LR) and the remaining ones are Boeing 777-300s (extended range, ER).

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.