Air India seeks Rs 1,100 crore loan to modify planes for VVIPs

The two Boeing 777-300 ER aircraft are to be delivered in January 2018 and the cost for “modification in its (planes) interior configuration” is estimated to be USD 180 million. At current exchange rates, the amount will translate to over Rs 1,160 crore.

Air India seeks Rs 1,100 crore loan to modify planes for VVIPs

New Delhi: Disinvestment-bound Air India is seeking loan worth over Rs 1,100 crore for modification of two Boeing aircraft scheduled to be acquired next month for ferrying VVIPs, according to an official document. The two Boeing 777-300 ER aircraft are to be delivered in January 2018 and the cost for “modification in its (planes) interior […]