Air India to sell 7 Dreamliners to raise Rs 5,200 crore

In order to raise about $840 million, National carrier Air India has planned to sale out and leaseback its seven Boeing 787-8 Dreamliner planes. Proceeds will be utilized to fund loans and operational requirements. "We expect to raise funds to the tune of $770-840 million as the airline is likely to get around $110-120 million per plane," AI source said.