Air India to phase out A319s

Air India intends to phase out its older A319s that have been in operations for about 30 years and replace them with new A320neos. The airline will also prepare an RFP for 12 further A320neos. The board has also decided to use three of its 777-200 LRs on domestic routes until June next year since it has not been able to sell them. The airline plans to raise a bridge loan of $350 million to finance the acquisition of three 787-900s, which will be refinanced through a sale and leaseback. “We are in talks with Boeing and will ask them