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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
08/01/201508:38:18Suspected MH370 Debris Arrives in France for Inspection
07/31/201515:30:10Marines Say Costly F-35 Jet Fighter Is Finally Ready
07/31/201510:00:12U.S. Hot Stocks: Hot Stocks to Watch
07/31/201509:44:26U.S. Hot Stocks: Hot Stocks to Watch
07/31/201502:20:04Airbus Reports Rise in Profit
07/30/201521:00:10Investigators Seek Link to Lost Jetliner
07/30/201517:54:16REPEAT & CORRECT: L-3 Evaluating Future of VIP Jet Conversions...
07/30/201516:50:18Boeing Moves Top Executive to Fix Aerial Tanker Project
07/30/201516:34:25Boeing Moves Top Executive to Fix Aerial Tanker Project
07/30/201514:36:29L-3 Exiting VIP Jet Conversions, Evaluating Cyber Unit -- Update
07/30/201504:50:05Rolls-Royce CEO Pledges to Speed Turnaround Efforts
07/30/201503:09:16Rolls-Royce Profit Battered by Weakness in Key Markets
07/29/201521:20:23Australia Official: Too Early to Say If Plane Debris from MH370
07/29/201520:41:21Australia Transport Chief Says Too Early to Say If Plane Debris...
07/29/201515:10:45Officials Probe Plane Debris From Indian Ocean
07/29/201515:01:27Officials Probe Plane Debris From Indian Ocean
07/29/201511:00:00Boeing CFO Smith to Speak at Jefferies Industrials Conference...
07/29/201505:09:32SpiceJet Plans to Buy Up to 150 Passenger Jets, Executive Says
07/28/201508:19:23GKN Raises Aerospace Stakes with Fokker Buy--2nd Update
07/28/201505:20:09GKN Upgrades Aerospace Stakes With Fokker Buy

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