File photo.(Image source: Flickr) Photograph:( Others )
The Indian government has released funds for the purchase and modification of two VVIP aircraft, which will be used to ferry President Ram Nath Kovind, Prime Minister Narendra Modi, and Vice-President Venkaiah Naidu.
The funds have been released from the National Small Savings account.
Air India had actually proposed that it would ask Bank of Baroda for a short-term loan of US$ 180 million, but the funds were released from the NSS account.
The money will be used to purchase and modify two Boeing 777-300 ERs, which will replace the earlier 747-400.
The upgrade has been long overdue, with this one coming after 25 years.
The 777-300 ER has two GE90-115B jet engines — the world’s most powerful. The 777-300 will also mean fewer refuelling stops for India's most important trio.