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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
08/22/201417:40:07U.S. Regulator Approves GE-Powered 787-9 Jet
08/22/201412:00:09Avolon Pursues IPO as Sale Talks Continue
08/19/201417:40:13Bombardier Replaces Commercial Aircraft Executive
08/10/201407:59:32Plane Crashes Near Iranian Capital, Killing Dozens -- Update
08/09/201409:56:36Hagel Says U.S., India Should Jointly Develop, Produce Arms
08/05/201403:05:10Meggitt First-Half Profit Falls on Lower Military Revenue
07/30/201406:32:00Airbus CEO Shrugs Off Concerns Over Supply Disruption Amid Sanctions
07/25/201415:26:52Investigators Probe Whether Flight 5017 Brought Down by Storms...
07/24/201417:25:22Air Algerie Flight Likely Crashed in Mali -- 5th Update
07/24/201411:20:15Air Algerie Flight Crashes in Mali -- 5th Update
07/24/201410:37:24Air Algerie Flight Reported Missing -- 4th Update
07/24/201410:02:35Air Algerie Flight Reported Missing -- 3rd Update
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/24/201408:15:59Air Algerie Flight Reported Missing -- 2nd Update
07/24/201406:54:46Air Algerie Flight Reported Missing -- Update
07/24/201405:55:25U.N. Body to Widen Flight Warnings
07/24/201403:34:51U.N. Body to Widen Flight Warnings -- 2nd Update
07/24/201400:06:12U.N. Body to Widen Flight Warnings -- Update
07/23/201416:38:22MARKET SNAPSHOT: S&P 500 Closes At Record On Strong Earnings
07/23/201412:07:40MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Sets Intraday Record

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