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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
04/17/201403:54:57Lack of Plane Debris Keeps Families Hoping
04/14/201422:24:38Spirit AeroSystems, Boeing Agree to Tentative Supply Deal
04/14/201420:03:26Search Crews Launch Bluefin as Hunt Enters New Phase
04/11/201419:16:35NTSB Renews Call for MD-11 Jet Safety
04/06/201423:36:24U.K. Ship to Investigate Signals in Flight 370 Search
04/04/201407:39:13Airbus Orders Hurt by Cancellations
04/03/201417:59:36Sources: Boeing Considers Bid for Mercury Systems -Reuters
04/03/201417:14:36Delta Seeks Offers from Boeing and Airbus for New Jets
04/02/201422:50:17Boeing to Lay Off Up to 300 Workers at Australian Plant
04/02/201421:50:34Boeing Expands Airbus Rivalry to Tanker Market
04/02/201418:08:16Boeing to Cut 300 Jobs in Australia -Report
04/02/201408:08:35U.K. Submarine Joins Search for Malaysia Airlines Flight 370...
04/02/201407:22:34LOT Polish Airlines Swings to Net Profit, Says Boeing 787 Helps
04/02/201402:30:05U.K. Submarine Joins Search for Missing Plane
04/02/201402:18:09U.K. Submarine Joins Search for Malaysia Airlines Flight 370
03/31/201417:55:34Judge Dismisses Legal Action Related to Missing Malaysian Jet...
03/27/201402:20:07ANA Makes Big Order for Airbus, Boeing Planes
03/26/201415:35:23Efforts to Cut F-35 Costs Hinge on Foreign Partners
03/26/201413:52:53GE to Break Ground on Jet Engine Plant in Indiana This Year
03/26/201413:51:55GE to Break Ground on $100 Million Jet Engine Plant in Indiana...

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