Air India has disclosed at an industry event this week that it is currently unable to raise financing for its aircraft deliveries on its own due to its weak balance sheet. One option open to AI and its Indian rivals is external commercial borrowing or ECBs, which Jet Airways has already disclosed it is eager to raise $300m of ECBs. Under the ECB scheme for airlines, each company can raise up to $300 million for working capital as well as refinancing of outstanding working capital rupee loans. During its third quarter result call, chief financial officer and acting chief executive

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