Air India does not have money for 27 Boeing planes:
Civil Aviation minister Vayalar Ravi has reportedly said that Air India does not have the money to pay for the 27 Boeing planes and Air India will not increase its debt burden right now.
Air India, the country's flag carrier, said it will sell 11 of its Airbus A320 planes and return an equal number to lessors as new planes from Boeing and Airbus are delivered, Dow Jones reported.