New Delhi: National carrier Air India plans to raise $110 million (around Rs 700 crore) from banks/ financial institutions to part-fund its acquisition of six Boeing Dreamliners, which are to be delivered to the airline in the next fiscal.
The state-owned carrier currently has 21 Boeing 787-800 (Dreamliner) planes in its fleet.
"Air India is pleased to invite your bank/financial institution to submit a fully underwritten offer for Pre-Delivery Payment requirements (PDP) for six B787-8 aircraft," says the tender document uploaded on the airline's website on Tuesday.
As per the terms of agreement signed with Boeing Company, Air India has to pay 10 per cent of the gross cost of the aircraft as advance payment 12 months prior to delivery, the tender document said.
The six aircraft are to be delivered to the carrier between April 2016 and March 2017.
At present, the list price of a Boeing 787-8 is about Rs 1,400 crore.
07/10/15 Business Today
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The state-owned carrier currently has 21 Boeing 787-800 (Dreamliner) planes in its fleet.
"Air India is pleased to invite your bank/financial institution to submit a fully underwritten offer for Pre-Delivery Payment requirements (PDP) for six B787-8 aircraft," says the tender document uploaded on the airline's website on Tuesday.
As per the terms of agreement signed with Boeing Company, Air India has to pay 10 per cent of the gross cost of the aircraft as advance payment 12 months prior to delivery, the tender document said.
The six aircraft are to be delivered to the carrier between April 2016 and March 2017.
At present, the list price of a Boeing 787-8 is about Rs 1,400 crore.
07/10/15 Business Today
