In its bid to increase its fleet strength, flag carrier Air India has sought offers from banks and financial institutions to arrange bridge financing of up to $330 million.
Air India needs interim bridge financing for a period ranging between 12-18 months to accept delivery of the three Boeing 787-8 aircraft, the airline said in a tender document.
The bridge loan facility will be repaid on conclusion of a sale and lease back arrangement, the airline said, adding that it would prefer to have a bullet repayment for this facility or a suitable moratorium period for repayment of principal amount under this facility.
22/01/15 Deccan Herald
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Air India needs interim bridge financing for a period ranging between 12-18 months to accept delivery of the three Boeing 787-8 aircraft, the airline said in a tender document.
The bridge loan facility will be repaid on conclusion of a sale and lease back arrangement, the airline said, adding that it would prefer to have a bullet repayment for this facility or a suitable moratorium period for repayment of principal amount under this facility.
22/01/15 Deccan Herald
