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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
04/29/201611:00:00Boeing Investor Conference to be Webcast May 11
04/29/201603:00:00Boeing Set To Deliver Record Number of Airplanes to Turkish Airlines
04/28/201616:30:00SpaceX Wins U.S. Military Contract to Send Satellite Into Orbit
04/28/201616:18:00SpaceX Wins U.S. Military Contract to Send Satellite Into Orbit
04/28/201611:05:00Ex-Im Bank Faces New Hurdle as Senator Blocks Board Nominees
04/28/201610:00:00Boeing Honors 12 Suppliers for Outstanding Performance in 2015
04/28/201609:52:00China Eastern Orders $10 Billion of New Planes From Airbus, Boeing
04/28/201608:30:00Boeing, China Eastern Airlines Finalize Order for 15 787-9 Dreamliners
04/28/201608:20:00Raytheon Sales Rise But Profit Falls
04/28/201607:50:00Bombardier Confirms Large Delta CSeries Order
04/28/201605:59:00Ex-Im Bank Faces New Hurdle in Congress Over Board Nominees
04/28/201603:03:00Boeing Earnings Fall as Jet Charges Mount -- WSJ
04/27/201618:46:00Boeing Profit Falls as Jet Charges Mount -- 4th Update
04/27/201618:03:00Boeing Profit Falls as Jet Charges Mount -- 3rd Update
04/27/201611:21:00Boeing Profit Falls as Commercial Deliveries Lag -- Update
04/27/201610:01:00Correction to Boeing Earnings Article
04/27/201608:51:00Boeing Profit Falls as Commercial Deliveries Lag
04/27/201608:50:00Correction to Boeing Earnings Story
04/27/201608:40:00Northrop Grumman Tops Expectations, Lifts Year Guidance
04/27/201608:40:00Boeing Profit Falls as Commercial Deliveries Lag

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