Sunday, July 07, 2013

Air India extends $500-million bridge financing offer deadline

Mumbai: With lenders not showing much interest, the national carrier, Air India has extended its USD 500-million bridge financing offer by one week to July 12.
Air India is planning to raise the money to pay for the five Dreamliners, which are to be delivered beginning this month through December.
The airline had extended the last date to July 12 from July 5, according to AI sources.
The deal is part of the 68 aircraft the carrier had ordered in January 2006, which includes 27 Dreamliners, 41 B-777s and B-737-800s from Boeing. Apart from this, the national carrier had also booked 43 planes from Airbus. So far, Boeing has delivered seven Dreamliners to the airline.
07/07/13 Economic Times
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