Thursday, April 17, 2014

Air India seeks bridge loan of $500 million

Mumbai: National carrier Air India is seeking a 'bridge loan' of up to $500 million for taking delivery of four Boeing 787 Dreamliner aircraft from an ongoing order, according to a tender document on the airline's website.
Air India, which is due to take delivery of four 787 aircraft between May and November, has invited offers from banks or financial institutions to arrange the bridge financing for a period of six months to one year.
17/04/14 PTI/Economic Times
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