AIR INDIA TO SECURE NEW LOAN TO BUY 787S

Dino D'Amore
By Dino D'Amore July 20, 2011 08:00

AIR INDIA TO SECURE NEW LOAN TO BUY 787S

Air India is planning to raise $832 million (Rs 3,745 crore) to fund its 787 deliveries, the first of which arrives in October. The airline is hoping to get support from the US Export Import bank, with a loan priced between Libor+50-70 basis points.

The airline is also considering a sale and leaseback agreement for the aircraft deliveries.

Dino D'Amore
By Dino D'Amore July 20, 2011 08:00
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