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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
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07/27/201615:57:00Boeing Considers Ending Production Of Iconic 747
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07/27/201613:06:00Boeing Swings to Loss, but Results Still Top Views -- Update
07/27/201612:14:13Quarterly Report (10-q)
07/27/201609:22:00India Orders Four More Boeing Maritime Planes for $1 Billion
07/27/201609:20:00U.S. Durable Orders Dropped in June by Most in Nearly Two Years
07/27/201609:10:00Boeing Swings to Loss, but Results Still Top Views
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07/27/201608:10:00Northrop Grumman Tops Views, Raises Outlook Again
07/27/201608:00:52Current Report Filing (8-k)
07/27/201607:59:00Northrop Grumman Tops Views, Raises Outlook Again
07/27/201607:30:00Boeing Reports Second-Quarter Results

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