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Air India Seeks Proposals From Banks, Financial Institutions To Raise Up To $500 Million

NEW DELHI -(Dow Jones)- Air India Ltd., the loss-making national carrier, has invited proposals from banks and financial institutions to raise a short-term loan of up to $500 million to finance the purchase of four 787 Dreamliner jets from Boeing Co. (BA). The airline has also sought offers from banks and financial institutions to raise up to $300 million in overseas borrowing, according to two tenders posted Monday on its website. Air India said it expects to take delivery of a Dreamliner plane each in June, September, November and December. The state-run airline said that the bridge financing, for a period of six months to a year, won't be covered by a federal guarantee and that it will instead "offer the aircraft as security or some other equivalent collateral security." -By Santanu Choudhury, Dow Jones Newswires; +91-11-4356-3305; santanu.choudhury@dowjones.com

Stock News for Boeing (BA)
DateTimeHeadline
10/24/201418:52:34Monarch Airlines Sold to Greybull Capital
10/23/201401:30:42Safran Revenue Rises on Sustained Demand for Jet Engines
10/22/201416:54:22MARKET SNAPSHOT: U.S. Stocks Wither; S&P 500 Ends 4-day Win Steak
10/22/201414:09:09MARKET SNAPSHOT: U.S. Stocks Give Up Gains; Boeing Drags Dow
10/22/201410:15:27MARKET SNAPSHOT: U.S. Stocks Tick Up; Yahoo Rallies
10/22/201409:51:50U.S. Hot Stocks: Hot Stocks to Watch
10/22/201409:06:36MARKET SNAPSHOT: U.S. Stocks: Futures Waver, But Boeing Gains...
10/22/201405:46:19MARKET SNAPSHOT: U.S. Stocks: Futures Dip; Boeing Results, Inflation...
10/21/201419:41:18Airbus 'Actively Discussing' New A321neo With Airlines -Reuters
10/21/201417:28:09Analysts Eye Boeing's Dreamliner Costs
10/21/201417:27:10Boeing Earnings Preview
10/19/201405:47:20MARKET SNAPSHOT: More Than 1/3 of Dow Stocks To Report This Week
10/15/201409:00:09Airbus Bags Single Biggest Jet Order
10/08/201405:41:21Singapore Investigates Sheep Deaths on Plane
10/07/201409:48:57Correction to Polaris Off-Road Military Vehicles Story
10/07/201407:24:01Boeing Expects Its Air Freight Traffic to Double by 2033
10/01/201410:15:35AirAsia in Talks on Route to Dubai
09/30/201407:02:36Airbus Gains A350-900 Jet Safety Approval
09/25/201410:58:31U.S. Stocks Drop as Investors Consider Mixed Data
09/25/201407:50:11Boeing 787 Battery Troubles Still Unidentified

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