Wednesday, October 30, 2019

Air India seeks $819 million loan for 7 Boeing planes

New Delhi: Air India is looking to raise USD 819 million (over Rs 5,800 crore) to refinance existing bridge loans availed for six Boeing 787 and one Boeing 777 aircraft.
The national carrier is yet to have long term financing facility for six B787 and B777-300ER, according to a tender document.
Bids have been invited from banks, financial institutions for refinancing existing bridge loan facility worth USD 819 million.
At current exchange rate, the amount will be more than Rs 5,800 crore.
Air India had acquired 27 B787-800 planes and 15 B777-300ER aircraft.
Out of them, 21 B787s are on sale and lease back while the remaining six are on short term bridge loans.
30/10/19 PTI/Economic Times
To Read the News in full at Source, Click the Headline


Post a Comment