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New Delhi: Air India Ltd is seeking a bridge loan of up to $230 million for taking delivery of two Boeing 787 Dreamliner aircraft from an ongoing order, according to a tender document on the carrier's website.Air India, which is due to take delivery of two 787 aircraft in February and March, has invited offers from banks or financial institutions to arrange the bridge financing for a period of six months to one year.The state-run airline is offering the aircraft as security, and will repay the loan after it concludes a sale and leaseback arrangement, it said, adding there will be no government guarantee for the loan.The two new aircraft will take Air India's Dreamliner fleet to 14 by March. The carrier currently operates 11 of the jets and has a total 27 on order.Reuters


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from firstpost

Air India to fly unconfirmed first AC passengers of Rajdhani

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Kerala does a U-turn, backs out of GST commitment: Mitra

from firstpost

Kerala does a U-turn, backs out of GST commitment: Mitra

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Will heads roll at Air India after Venkaiah Naidu's public berating?

from firstpost

Will heads roll at Air India after Venkaiah Naidu's public berating?

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from firstpost

Coca-cola, Pepsico and Bisleri operate packaged water units without license: FSSAI

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from firstpost

Air India pilots' body accuses board member of hiding facts, writes to cabinet secretary

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Come clean by Sept 30: Jaitley to black money holders

from firstpost

Come clean by Sept 30: Jaitley to black money holders

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