New Delhi: Union minister JayantSinha has revealed that the state-owned Air India has tied up with UAE-based First Abu Dhabi Bank as well as Standard Chartered Bank and Mashreq Bank to avail short-term loans for acquiring three Boeing 777 aircrafts.
Two of the aircrafts are to be used for ferrying VVIPs, the minister of state for civil aviation said in a written reply in the LokSabha.
The delivery of the three B777-300 ER planes is scheduled to be completed next month -- two in January and one in February.