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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
06/24/201603:02:00U.S. Pushes Companies On Deals With Iran -- WSJ
06/23/201621:10:00U.S. Pushes Firms Into Iran
06/23/201617:24:00Proposed Boeing-Iran Air Deal Involves 80 Jets -- Update
06/23/201614:36:00Southwest Airlines Revamps Aircraft Order Book
06/23/201614:00:00Proposed Boeing-Iran Air Deal Involves 80 Jets
06/23/201613:35:00Proposed Boeing-Iran Air Deal Involves 80 Jets
06/23/201603:03:00FAA Gets Behind Push For Wireless Safety Systems -- WSJ
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06/22/201609:50:00BAE Systems Spies Growth in Space Defense
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06/21/201618:23:00Boeing Signs Agreement with Iran -- 6th Update
06/21/201612:09:00Boeing Signs Agreement with Iran -- 3rd Update
06/21/201607:14:00Boeing Signs Agreement with Iran -- 2nd Update
06/21/201606:08:00Boeing Signs Agreement with Iran -- Update
06/21/201606:00:00Boeing Signs Agreement with Iran
06/21/201605:43:00Boeing Signs Agreement with Iran
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06/16/201615:40:00Silver Airways, American Begin Selling Tickets to Cuba
06/16/201611:09:00MARKET SNAPSHOT: U.S. Stocks Head For 6th Daily Drop Amid Global...
06/16/201603:03:00Iran Close to Deal for Boeing Jets -- WSJ

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