Air India to refinance $1,150 mn debt: Patel

New Delhi: Civil Aviation Minister Praful Patel Thursday told parliament that Air India is planning to refinance its debt of $1,150 million which was taken to buy 21 new Airbus A-320 aircraft.
'Air India proposes to refinance the existing rupee loan equivalent of $1,150 million obtained from consortium of Indian banks led by IDBI,' said Patel in a written reply to the Lok Sabha.
09/12/10 IANS/Sify.com

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Categories: Airports Dec 2010