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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
12/16/201409:58:40U.S. Hot Stocks: Hot Stocks to Watch
12/15/201417:26:32Boeing Unveils $12 Billion Buyback Plan, Boosts Dividend
12/11/201406:46:23Airbus Plans to Revamp A380 Superjumbo--Update
12/10/201412:32:54Airbus Shares Slide on Likely Cut to A330 Jet Production -- 2nd...
12/09/201419:25:32Spirit AeroSystems to Transfer Wing Business -- 2nd Update
12/09/201416:07:53Boeing Sees Rising Jet-Financing Demand, Lower 747 Deliveries--3rd...
12/09/201415:51:49Spirit AeroSystems to Transfer Wing Business -- Update
12/09/201415:49:37Wreckage of Flight MH17 Arrives in Netherlands
12/09/201414:00:36Boeing Sees Strong Demand For New Aircraft--Update
12/09/201407:14:46Boeing Sees $124 Billion Demand for Jetliner Delivery Financing
12/09/201406:33:14Boeing Capital Sees $124 Billion Demand for Jetliner Delivery...
12/08/201402:51:49SAS Buys Danish Regional Airline Cimber
12/06/201413:30:24Challenges Await Year Two of American Airlines-US Airways Merger
12/05/201407:19:10Khazanah Taps Christoph Mueller as Malaysia Airlines Chief Executive
12/03/201405:58:06Defense Bill Threatens Rocket Plans
12/02/201420:09:05Defense Bill Would Block Some Cost Cuts
12/02/201419:11:13U.S.-Russia Space Alliance Hits Snags
12/01/201415:50:08NTSB Cites Failures Before Dreamliner's Battery Fire
12/01/201406:47:51Jet Lessor Avolon Holdings Launches $1.8 Billion IPO
11/27/201406:39:11Air India is Reconsidering Plan to Sell Long-Range Jets

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