AI to go for bridge loans to take aircraft deliveries

Mumbai: Air India today decided to go for bridge financing of its aircraft deliveries this year but deferred plans to redeploy its manpower and appoint a global consultancy firm to work on its commercial transformation project.
The decisions were taken at a Board meeting of the National Aviation Company of India Limited (NACIL), which also reviewed a series of cost-cutting measures ahead of getting a Rs 800-crore equity infusion from the government, airline sources told PTI.
The Board, which met here, approved the management's proposal for bridge loans for aircraft deliveries this year, the sources said.
09/01/10 Press Trust of India

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Categories: NACIL Jan 2010