New Delhi: Air India's woes may have just compounded with uncertainty over funding of its purchase of Boeing's Dreamliners.
"America's Delta Airlines has challenged US Export-Import (Exim) Bank's decision to extend a soft loan to AI for buying the Dreamliners in the US Supreme Court. Their plea is that helping AI acquire these planes harms the commercial interests of US carriers," said a source.
While Delta has moved court to stop the $3.4-billion loan guarantee, Air India management has requested the Exim Bank not to stop funding the Dreamliner purchase. The Exim bank has so far funded purchase of 12 planes and now a decision has to be taken on the remaining 15 Dreamliners on AI's order book. AI is going to take delivery of the 17th Dreamliner this month.
03/10/14 Saurabh Sinha/Times of India
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"America's Delta Airlines has challenged US Export-Import (Exim) Bank's decision to extend a soft loan to AI for buying the Dreamliners in the US Supreme Court. Their plea is that helping AI acquire these planes harms the commercial interests of US carriers," said a source.
While Delta has moved court to stop the $3.4-billion loan guarantee, Air India management has requested the Exim Bank not to stop funding the Dreamliner purchase. The Exim bank has so far funded purchase of 12 planes and now a decision has to be taken on the remaining 15 Dreamliners on AI's order book. AI is going to take delivery of the 17th Dreamliner this month.
03/10/14 Saurabh Sinha/Times of India
