Air India may give wings to Reliance Fresh
While both companies have denied any such plan, a source close to the developments said RIL is open to either buying or leasing one aircraft from Nacil’s fleet. Reliance Fresh is likely to invest more than Rs 25,000 crore over the next four years in its retail business.
The reserve price for each of the older Boeing aircraft in Air India’s stable is approximately $60 million, while that of old Airbus aircraft is pegged at $20 million each. Of the 147 aircraft in the Nacil fleet, eight are freighters (all from Air India), including four Boeing 737-200s and four Airbus A310-300s. Reliance Fresh wants to source its aircraft from among these.
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Labels: Airbus aircraft, Boeing aircraft, merger of Air India and Indian Airlines, Nacil, Reliance Fresh, Reliance Industries Ltd, retail business, retail venture

