Air India sold 21 planes for $447.5m in two years

7/31/2009 9:47:36 AM

Air India sold 21 planes for an estimated US$447.55 million between March 2007 and March 2009, according to Civil Aviation Minister Praful Patel, Dow Jones reported.   The country's flag carrier sold and leased back 14 Airbus planes and three Boeing aircraft for a total of $428.98 million, Patel said.   Air India also sold one Boeing and three Airbus planes during the period for $18.57 million, Patel said.   The minister said also Air India currently pays $13.61 million as rent each month for 46 leased planes.   Cargo News Asia

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