National Aviation to get $214 m loan to buy aircraft

National Aviation to get $214 m loan to buy aircraftMumbai: The state-owned National Aviation Co of India (NACIL), which runs Air India, announced Tuesday that it has signed a pre-delivery finance loan facility for $214.12 million for purchase of eight aircraft.
The three Boeing 777-200LRs and five Boeing 777-300ERs will be delivered in 2009 and 2010 respectively, said a statement issued by NACIL.
"The lead arrangers of the facility are Bank of Scotland and Deutsche Bank whereas the co-arrangers are ING Bank and Natixis Transport Finance," the statement said.
The loan will be repaid from the delivery financing to be concluded for the aircraft, NACIL said.
13/08/08 IANS/Sify

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Categories: NACIL Aug 2008